December 2017 Santa Clara County Market Conditions - Single Family Homes
Inventory level continues to decline while prices rise for the month of November. The market continues to gobble up inventory nearly at twice the rate at which they come on market, with no relief in sight with the holiday season coming.
Nov Oct
Active listings 461 604
Pending 758 865
Days of Inventory 17 22
Median price $1,288,500 $1,220,000
December 2017 Santa Clara County Market Conditions - Condo/Townhomes
Same trend with condo/townhomes, but it is important to note that there is literally about a week's worth of condos on market for the entire County of Santa Clara. A balanced market is deemed to have 6 months of inventory.
One week of inventory versus six months of inventory.
Nov Oct
Active listings 86 105
Pending 236 309
Days of Inventory 8 9
Median price $765,000 $761,000
This is the overview of Santa Clara County as a whole. If you are interested in getting information about your particular city, please contact us.
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