Happy Thanksgiving! This is an unusual fall real estate season this year. There is a lot of buyer and seller activity. The inventory is low, less than a thousand units of single family and condo/townhouse properties in all of Santa Clara County at any one time, though new listings keep coming on the market. There were quite a few agents in my office meeting today, who talked about their new listings coming on the market soon.
Our company founder, Chris Trapani, sent this market review out this morning:
"1. The current Santa Clara County month's supply is 0.6 (18 days) and is half the 1.2 month's supply from one year ago. Please keep in mind that historically, 3-6 months supply is what I would consider a balanced market.
2. The days on market have declined from 20 days 1 year ago, to 10 days. Historically speaking, 30-60 days on market is what I would suggest is normal."
I have been talking with people about their spring plans to sell. This is the time to plan for spring, so give me a call, if you have a property to get ready for sale in 2022. If you're a buyer, call me about getting your loan pre-approval. It takes time. You need to have the pre-approval before looking at homes.
Take a look at the latest county statistics available, to see what is going on:
Latest Single Family Statistics
Latest Townhouse/Condo Statistics
Time to talk about your real estate? Call me.
Did you know that I can also show you NEW CONSTRUCTION, MODULAR HOMES, and MOBILE HOMES?
408-644-5159
Erin@BenfordRealEstate.com
18+ years of Licensed Experience
46+ years of Owner Experience
One can download information from the internet; but, one cannot download expertise. We look for the red flags and negotiate for a living. Hire the experts. We will tell you the truth.
