The Homes of Silicon Valley Real Estate Report is just one of many resources that we provide to our valued network to help buyers, sellers & investors keep a pulse on the current market. The April 2019 Report is here and the best way to describe the data is: WOW!

Median home prices are up nearly 11% month-over-month. Days on market are down nearly 16%. Active listings are up 13%. Days of inventory are down almost 15%. All in all, there are more homes on the market, but more buyers scooping them up.

If you are wondering why the real estate market is heating up even faster than the weather, here are 3 reasons why HOT is the word of the season:

1 | Spring is when the market typically becomes more active. (Even the New York Times has said April is noteworthy month in real estate).

2 | Mortgage rates have been hovering near 15-month lows and buyers are thrilled to maximize their purchasing power (right when inventory is up and they have options!).

3 | IPOs have started creating instant millionaires (yep, already).

Read more commentary and view the full, interactive April 2019 Report HERE.

SELLERS: Those rising median home prices and eager buyers are indicators  that time (and ROI) is on your side. Plus, that sales-to-list price ratio is on the rise... BUYERS: If you have not checked in with your loan officer as to how the current rates can benefit your buying power – do not wait! Mortgage News Daily reports that rates ‘moved lower at their best pace in several weeks today’. INVESTORS: If you are deciding what to sell, hold or buy… give us a call and we can chat about micro-market trends that can help you maximize what you’ve got and where you want to be.

Look forward to chatting soon,

Mark & Jason