Intero Real Estate/Nancy Carlson

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Santa Clara County

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Trends At A Glance Jun 2014 Previous Month Year-over Year
Median Home Price +6.7%$875,000 $820,000 +13.6%$770,000
Average Sales Price +5.2%$1,141,640 $1,084,810 +19.0%$959,257
No. of Homes Sold -11.5%1128 1274 -10.5%1260
Pending Properties -30.0%831 1187 -40.9%1405
Foreclosures Sold -25.0%9 12 -65.4%26
Short Sales Sold -93.8%1 16 -98.6%69
Active Listings +4.6%1309 1252 -33.9%1980
Active Foreclosures +9.1%12 11 -45.5%22
Active Short Sales -10.0%9 10 -97.1%313
Sales Price vs. List Price -0.5%105.0% 105.6% -0.7%105.7%
Average Days on Market -10.6%18 21 -11.6%21

Market MomentumEnlarge Graph

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Market Report Commentary

Low Inventory Pushing Prices Higher

Inventory of single-family, re-sale homes was down 33.9% in June compared to the year before. From the middle of 2007 through the end of summer in 2011, home inventory averaged over 5,000 units. Right now, there are 1,309...

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Mortgage Rate Outlook

Rate Balloon Continues Slow Deflation June 27, 2014 -- Lower mortgage rates this spring appear to have revived the moribund housing market a little bit. Mortgage rates have been moved lower this spring from the...

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Foreclosure Statistics

Notices of default, the first step in the foreclosure process, in Santa Clara County rose 2.7% in May from April. They were off 32.5% year-over-year. Notices of sale, which set the date and time of an...

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Santa Clara County Stats At A Glance

Year-Over-Year Median home prices increased by 13.6% year-over-year to $875,000 from $770,000. The average home sales price rose by 19.0% year-over-year to $1,141,640 from $959,257. Home sales fell by 10.5%...

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Prices & SalesEnlarge Graph

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Sales BreakdownEnlarge Graph

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Days of InventoryEnlarge Graph

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Sales To DateEnlarge Graph

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Sale Price RatioEnlarge Graph

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