Clayton Real Estate Insights - June 2024

Welcome to the June 2024 edition of "Clayton Real Estate Insights." Our goal is to provide you with a comprehensive update on the single-family residential market in Clayton, CA. Staying informed in today's dynamic real estate environment is crucial for making educated decisions, whether you're a home buyer, seller, or a real estate professional. This update highlights the latest market trends and changes over the past month, helping you navigate the market with confidence.


Top Takeaways:

  • Market Index Score: The Market Index score for Clayton in June is 62, indicating a strong seller's market.

  • Key Trends: Over the past month, the market has shown consistent strength for sellers with competitive offers and advantageous terms.

  • 30-Year Fixed Mortgage Rate: Currently at 6.95%, the mortgage rate is slightly lower than last month's rate of 7.03%, offering a bit of relief for prospective buyers.


Market Overview

The real estate market in Clayton, CA, continues to be robust and favorable for sellers. The Market Index score of 62 reflects significant strength for sellers, with more competition among buyers and better offer terms for those looking to sell their homes. Here's a detailed look at the current market data:

  • Median List Price: The median list price remains stable at $1,279,000.

  • Median Price of New Listings: There's a noticeable decrease to $1,081,750 from last month's $1,279,000, indicating new listings are entering the market at more competitive prices.

  • Average Days on Market: The average days on market has decreased slightly to 25 days, suggesting homes are selling quicker than last month.

  • Median Days on Market: At 21 days, homes are moving even faster, down from 18 days in the previous month.

  • Inventory: Inventory has increased to 15 from 12, providing slightly more options for buyers.

  • Median Rent: The median rent has risen to $3,850, up from $3,350, reflecting increasing demand for rental properties.

  • Market Action: The Market Action score has decreased to 62 from 68, still indicating a strong seller's market but with a slight shift towards equilibrium.

Analysis of Market Index Score

The Market Index score of 62 this month signifies a strong seller's market. This score is derived from the Market Action score, reflecting the overall market dynamics between buyers and sellers. Here's what this means for both parties:

  • For Sellers: A high Market Index score means more competition among buyers, leading to potentially higher sale prices and more favorable terms. Sellers can expect multiple offers and quicker sales, making it an advantageous time to list properties.

  • For Buyers: Despite the competitive market, buyers benefit from increased inventory and lower mortgage rates compared to the previous month. This offers more choices and slightly better negotiating power, although the market still heavily favors sellers.

Current Trends and Future Outlook

The Clayton real estate market remains dynamic with the following trends and future outlook:

  • Interest Rates: The current 30-year fixed mortgage rate is 6.95%, slightly lower than last month’s rate of 7.03%. This minor decrease can stimulate buyer interest and activity.

  • Inventory and Demand: An increase in inventory suggests more options for buyers, though the market still favors sellers. As demand continues to outpace supply, prices are likely to remain high.

  • Market Stability: The consistent median list price and competitive new listing prices indicate market stability. Sellers should take advantage of this period of high demand, while buyers should be prepared for competitive bidding.

Insights and Resources

For those looking to stay updated on mortgage trends and rates, we recommend checking out the latest insights from Mortgage Insights and the Freddie Mac 30-Year Fixed Mortgage Rate Update.

Interesting Fact

An interesting trend not widely discussed is the rise in median rent prices, which has increased to $3,850. This suggests a growing demand for rental properties, potentially driven by those waiting for the right time to buy or facing challenges in securing home loans.

The Clayton real estate market in June 2024 continues to present strong opportunities for sellers, with robust competition and favorable terms. Buyers, while facing a competitive environment, can benefit from slightly lower mortgage rates and increased inventory. As always, staying informed and consulting with real estate professionals can help you navigate this market effectively.


For personalized advice and further insights, don't hesitate to reach out to our team at Realty One Elite. Whether you're considering buying or selling, we're here to guide you through every step of your real estate journey.

Stay informed and make the most of your real estate decisions in Clayton, CA. Remember, knowledge is power in the ever-evolving world of real estate!




Additional Resources:

· Clayton Real Estate Insights: www.findebhomes.com

· Rates: https://myhome.freddiemac.com/buying/mortgage-rates