Market Report – June 16th, 2020 (Coming out of CVD19 dip as stats begin to normalize)

Looking at today’s Santa Clara County inventory we’re seeing some ‘normalization’ as we are approaching mid-June.

Looking locally at Santa Clara County, here’s a comparison of the last two years with this year’s Active and Pending listings. Blue indicates 2918 (which was a banner year, partially due to the low inventory), Orange indicated last year 2019 and today 2020 in Red.

Pendings in Santa Clara County SFR took a big dip, pandemic related but the good news is that in June we’re quickly rising and catching up to 2019 and 2018 numbers. (See below)

From MLS/Aculist I pulled the latest data (June 16th) taken from the 5 Bay Area counties (San Mateo, Santa Clara, Santa Cruz, Monterey and San Benito) for New Listings (yellow) & Sold Homes (blue) from March 16 – June 15th.

As indicated, once we could begin showing properties the listings increased. (See below graph)

Here is a market snapshot from May 2020 comparison to last year’s May 2019 for single family homes and condo and townhouses.

**If you are interested in receiving market data in your neighborhood, let me know, I’m here to assist you with explaining what’s going on in your community. 

Lynne MacFarlane, MCDM, SRES

Your Link Between SF Bay to Monterey Bay

PFAC Silicon Valley affiliate

831.346.2743 text/cell

Lmacfarlane @ intero . com