Blog Archives: February 2023

The Super Bowl is behind us and you know what that means: the spring real estate market is just about here! As we reported last week, active listings and pending properties are already increasing in Santa Clara County. The sales-to-list price ratio is edging up and median home prices are up almost 4.5% month-over-month. This means that buyers are closely watching those rates, weighing the pros of purchasing now before prices go up any more and the cons of waiting too long as list prices and/or rates rise. Sellers may finally feel more ...

Welcome back to the Homes of Silicon Valley blog! You may have seen that last week, we featured a national turning point in the market - that pending sales have risen for the first time in 6 months. This week, we wanted to share some local Santa Clara County data to give you an idea of where Silicon Valley real estate is headed this spring. In addition, inventory has risen by 69.1% month-over-month and 124.4% year-over-year. Active listings are also up by 37% year-over-year, thus the market is showing signs of a fast start to spring ...

Happy February! Homes of Silicon Valley knows that you are busy planning that Super Bowl party (and trying to forget last week’s 49er loss!), thinking about Valentine’s Day and hopefully enjoying some of this sunshine. We did want to take a moment to share a quick turning point in the market as announced just 4 days ago by the National Association of realtors (NAR)®. On January 27th, 2023 – NAR® revealed that “Pending home sales increased in December for the first time since May 2022 — following six consecutive months of declines.” The West ...