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
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