As of November 30th, in the Santa Clara County the inventory for active listings of single family homes was 1850 and condo/townhomes is 666. Totaling 2516 for both. The number of listings dropped by 60% from last year at this time!
The number of homes and townhome/condos that went into contract over the last 30 days was 1542. This figure is up 38% over last year.
The number of closed sales in November was 1121. This figure is up 52% over last year! The 1st time buyer program and investors in the market have had an impact on this a LOT.
See how specific areas are doing – bit.ly/MarketConditions
How are sales in your area?