July is here and summer is calling so let’s get right down to the data! June sales stats have just dropped and here is what you need to know:

Sales prices for single-family, re-sale homes set new highs for the fifth month in a row. The median sales price was $1,747,620 last month, a gain of 26.6% compared to last year. That is the 20th month in a row the median sales price has been higher than the year before.

* All Data Below Specific To Santa Clara County / Read The Full Report HERE

SINGLE FAMILY HOMES*

- Median SFR Price: $1,747,620 (+5.3% MoM; +26.6% YoY)

- SFR Days on Market: 13 (-2.8% MoM; -42.2% YoY)

- SFR Days of Inventory: 15 (-13.6% MoM; -55.9% YoY)

- SFR Active Listings: 621 (-5.6% MoM; -39.7% YoY)

CONDOS*

- Median Condo Price: $915,000 (+1.7% MoM; +14.4% YoY)

- Condo Days on Market: 19 (-5.1% MoM; -26.8% YoY)

- Condo Days of Inventory: 20 (-13.9% MoM; -65.2% YoY)

- Condo Active Listings: 387 (+5.2% MoM; -27.1% YoY)

*MoM = Month-Over-Month; YoY = Year-Over-Year

In short, Silicon Valley real estate still holds tremendous potential for both buyers and sellers. If you want to chat about national reports of market ‘cooling’ or ‘softening’ and how that compares to what we can expect here in Silicon Valley, please do not hesitate to reach out! Got questions about why trends differ a bit between single family homes and condos – I am more than happy to chat about that too!

Cheers to catching up at last… I’ve missed you all ;),

Mark