Real Estate Report presented by Mary Pope-Handy

November 2018 Report

Condos in Santa Clara County, All Cities, All Neighborhoods Change >

Median Price
Average Price
No. Sold
Pending Properties
Sale/List Price Ratio
Days on Market
Days of Inventory

Market Barometer

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Market Commentary

Home Sales & Prices Edge Higher in October

After six straight months with the median price of single-family, re-sale homes being lower than the month before, it gained 3.4% in October. Year-over-year, the median price was up 5.9%.

The average price has been lower five of the past six months. It gained 7.9% over September. Year-over-year, the average price was up 6.3%.

Home sales also bounced last month, up 9.9% over September. Year-over-year, home sales were down 5.1%.

The sales price to list price ratio, or what buyers are paying over what sellers are asking has been steadily declining and is now at its lowest level since January 2017. Nevertheless, it remains in the triple digits: 102.0%.

Inventory continues to expand. It has been higher than the year before five months in a row. In October it was more than double last year: 125.2%. 

As of November 5th, there were 1,360 homes for sale in Santa Clara County.

Nevertheless, Days of Inventory shed two days to fifty-three days in October.  Since January 2000, Santa Clara County has averaged ninety-four days of inventory.

It is taking twenty-six days to sell a home. That’s the longest since February 2017.

The median price for re-sale condos was up 21.7% year-over-year. The average price was up 15.9%.

The sales price to list price ratio was 103.2%.

Days of inventory rose five days to 57. There are 545 condos for sale in Santa Clara County.

It is taking twenty-one days to sell a condo.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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