Maybe it's a little leftover energy from the Super Bowl... but this week we are tackling a question that we get nearly every day: so what is going on with the market? While you can flip through your social media feed and turn on the news anytime, we know that the data that is most important to you is the local stuff. On that note, we are pleased to share some highlights from our February 2019 Real Estate Report for Santa Clara County. We also encourage you to visit the interactive link so that you can compare figures month-over-month and year-over-year, as well as enlarge the market barometer, subscribe to receive the report monthly via email and change the neighborhood if you wish to see what is happening elsewhere. Enjoy!

SANTA CLARA COUNTY SINGLE FAMILY HOMES | FEBRUARY 2019

Click HERE For Live, Interactive Link & Additional Data

As you review the data, it’s clear that days on market and inventory levels have increased, 16.2% and 85.6% respectively. While the first instinct is to assume that the market has flipped from a seller’s market to a buyer’s market, that’s not quite the full story. The figure to note is the sales to list price ratio, or what buyers are paying over what sellers are asking. The current sales to list price ratio is 99.5%, while a balanced market is 95%. While the market is turning towards buyers – it still favors sellers.

Days of Inventory, or the number of days it would take to sell the current inventory divided by home sales, jumped thirty-two days to sixty-nine days.  While that represents a more than two-fold increase, Santa Clara County has averaged ninety-four days of inventory since January 2000 – meaning inventory levels are still below average.

We hope you found value in the details and commentary shared in the full report and welcome your questions anytime. In addition, please contact us for a free comparative market analysis to assess your home’s value and your complete options today.

Let's chat soon!

~ Mark & Jason