As we get closer to the Spring Selling Season, the inventory scenario shows improvement as the number of active listings increased by 43% to 538. However, the demand (Pendings) is still outpacing supply(Actives) by nearly 40%. As such, price is continuing to rise to historic levels.
The Median Price for Single Family Home is now at a record shattering $1.38M in Santa Clara County.
Active listings 538 376
Pending 749 581
Days of Inventory 17 25
Median price $1,380,000 $1,163,000
The story is consistent with Single Famly Homes. The supply (Actives) has increased but the demand (Pendings) is still outpacing it by a whopping 130% in this category.
Pricing increased at a more moderate 8.7% to $831,500.
Active listings 123 91
Pending 287 197
Days of Inventory 17 18
Median price $831,500 $765,000
Real Estate is a very neighborhood specific business. If you have questions about your specific neighborhood or your house, please contact us and we can get you data relevant to your needs.