The official November real estate market stats are in. Comparing November 2019 with the previous year, the median home sale price in Santa Clara County hasn’t budged; it remains at $1.25 million. However, that doesn’t provide the full picture.
Inventory Dropping, Homes Sell in 1.3 Months
The following is the full Santa Clara County Market Report by Sereno Group. You’ll notice that compared with last November, single-family homes are selling a bit faster, shortening from 1.8 months to 1.3 months. As we enter the holiday season, inventory is dropping yet median sales price and median list price are nearly equal.
Some Good News for Santa Clara County
According to Michelle Ronco, a Senior Product Marketing Manager at Aculist, Santa Clara County home prices have trended up since August. She reports a 3% uptick in appreciation. In the following MLSListing video, she reports on five Bay Area Counties. For Santa Clara County specifics, fast forward to the 2:50 mark.
Full Picture in January
2019 has been full of highs and lows. Once the final December stats are in, I’ll report on how Santa Clara County fared as well as share some 20/20 and 2020 insights.
Buying or Selling Remains a Personal Decision
Whether you’re looking to buy or sell, you need an experienced guide in this complex and fast-paced real estate market. I’ve helped hundreds of individuals just like you successfully negotiate the most important financial transaction you’ll ever make. Contact me today to get started.