There are two words we often hear from buyers who are concerned about the trajectory of prices and the amount of homes for sale: not again. The trends of high demand, low supply, rising prices and stiff competition have been so ongoing that they feel more like the norm rather than the exception to the rule. While Silicon Valley is no doubt a unique market, we do hope to provide some perspective that the market themes here are not unique.

Nationwide data reveals the same forces are impacting the housing market virtually everywhere. It’s not just a Silicon Valley thing or even a California thing, it’s a real, country-wide challenge.

Take a look at the infographic above from the National Association of Realtors (NAR)® revealing the latest home sales data for the first complete month of 2022. Inventory is down approximately 15%, while prices are up over 15% year-over-year.

To view more sales statistics, read more about variances by region and gain insight into investor trends, we encourage you to read the news release here.

If you would like to chat about the national tends relative to what we are experiencing in Silicon Valley or would like to chat about how this impacts your own buy, sell and/or invest strategy – please do not hesitate to reach out!

Let's chat soon,

Mark