Oakland home values continue to fall- The headline is great clickbait. It's just not great analysis.

This SF Chronicle article: Oakland home values contine to fall- and subsequent news reporting on this article paints Oakland with a very broad brush. Does it really give an accurate (or thoughtful) analysis of the real estate market in Oakland?

Oakland is a large, diverse city — averaging prices across the entire market tells you almost nothing meaningful, especially if you're selling in Rockridge versus Eastmont. The Chronicle based its data on Zillow stats. What a home will sell for is wrapped into so many factors- and not just based statistical analysis- location within the city- even location within a neighborhood can be a factor. Condition of a home can have a huge impact as well- there is a reason a home that is move in ready sells at different price than one this is not.

Different data sources alone tell different stories. Below are the averages based on data pulled from 3 different sources

• Compass: $997.5K

• Redfin: $870K

• Zillow: $716,248K

That spread isn't an accident — it's a data aggregation problem. Zillow doesn't have access to off-market or private exclusive sales. Compass pulls MLS data, private exclusives, and public records. What goes in determines what comes out.

Want the real story? Look at the following 2 zip codes- both in Oakland

• 94621 — Median March Sale Price: $448,000

• 94618 — Median March Sale Price: $2,125,000

Blending all the statistics across the entire city into a single citywide "average" isn't just unhelpful — it's misleading. It's an easy way to craft a narrative that simply doesn't reflect your reality depending on where in Oakland you actually are.

Data from TrendGraphix: Zip codes: 94607, 94612, 94601, 94606, 94605 If you compare average sold price from 2022 to 2026 prices are down 21% for these zip codes that cover West Oakland and part of East Oakland

Data from TrendGraphix: Zip codes:  94608, 94609, 94618, 94611,94610. If you compare the average sold price from 2022 to 2026 prices are up 4.1% in the areas that are in North Oakland/Hills areas.