Alameda and Contra Costa: Rents down

Monday 04/03/2006: March 2006 median price for all the rental properties that rented through the MLS system in Alameda and Contra Costa counties declined to $1,750. This is the first time the median rental price falls below $1,800 since October 2005. However, comparing to the same month a year ago, the median price for March 2005 was also under $1,800. March is usually the beginning of a strong rental season. We'll see if the price would trend higher from here.