Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Yes, if you negotiate. Buyers have the upper hand in Concord right now.
You have the upper hand in Concord. Most homes for sale still have no buyer. Sellers are competing for you. Use it.
Only 43 out of every 100 homes for sale have found a buyer. The other 57 are still waiting. Your offer may be the only one on the table. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.
A typical Concord home takes 32 days to find a buyer. Half of them take even longer. That is 6% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 208 homes for sale in Concord. That is 5.6 times the tightest month on record, but below the peak of 219. Supply is steady against last year.
Asking prices are 9.0% below their Jun 2022 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Concord prices rose in only 67 of the last 108 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.
The discount is already here. It is not getting bigger. Buy now while sellers are still weak. Waiting for a lower price stopped working a year ago.
In Concord, 38 out of every 100 households rent. Most own their home. The renter share is shrinking. Five years ago it was 40 in 100. Just 3.1% of homes sit empty. A well-priced rental fills fast here.
The median Concord household earns $109,668 a year. Incomes here have grown 4.1% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 6.7 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. A tenant on the median income can pay about $2,742 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.
Yes, if you negotiate. Buyers have the upper hand in Concord right now. 0.43 out of every 100 homes for sale have a buyer, 18% of sellers have cut their price, and a typical home takes 32 days to sell.
Asking prices are 9.0% below their Jun 2022 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.
0.0%/yr. 1 year: -3.2% · 5 years: 0.0% · ten years: +3.4%. Do not use the ten-year rate. Most of that growth landed in the 2020 and 2021 boom. The five-year rate is what Concord does without one. Underwrite closer to 0.0%. Measure growth per square foot, not on the median. The median moves when the mix of listed homes moves. Your house does not. The one-year rate is a timing signal. It is not an underwriting input.
A typical Concord home takes 32 days to find a buyer. Half of them take even longer. That is 6% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.
In Concord, 38 out of every 100 households rent. Most own their home. The renter share is shrinking. Five years ago it was 40 in 100. Just 3.1% of homes sit empty. A well-priced rental fills fast here.
A tenant on the median income can pay about $2,742 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Concord household earns $109,668 a year.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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