Quote:
Originally Posted by AlpineWhite_SJ
The July numbers in Santa Clara County for single family indicate otherwise:
Median price is up 6.6% YoY and average price is up 10.6%
Number of sales are up 11.8%. YoY but active listings are off 42.1%
Days on market are only up 2.3% at 27 days (average since 2003 is 89 days)
Days of inventory are down 48.2%
Sale price to listing is at 101.7%
Condos are down though and other counties could be different.
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Median price doesn’t mean average. With
Low inventory people are bidding up. A look on Redfin and Zillow shows that list prices have dropped vs going up few months ago. After the SIP people were able to visit homes and buy again which helped drive up prices.