与7月相比 中位数跌3.7% 均价跌5.1%
http://scc.rereport.com/market_reports#
The Silicon Valley real estate market slowed a bit this summer. Multipleoffers, while still the norm, have slowed from 10-15 offers per house to “only” 2-3.
Also, from the trenches, we are hearing some sellers are more willing tonegotiate. They are accepting contingencies, paying for repairs, ornegotiating price.
Of course, this all depends upon the house and the neighborhood. The mosthighly regarded properties – schools, location, price, are still getting ahigh number of offers.
Statistics confirm the anecdotes: sales are down, inventory is up, the salesprice to list price ratio is falling, and prices are weakening.
The next question becomes is this the start of a trend or just an aberration. That is something only time will tell.
In the meantime, mortgage rates peaked in May and have been declining since.
The median price for homes peaked at $1,450,000 in March and is now at itslowest level since January. It was still up 14.9% year-over-year.
The average price for homes also peaked in March and is at its lowest levelsince January. It was up 15.3% over last July.
The sales price to list price ratio, or what buyers are paying over whatsellers are asking has been declining and is now at it’s lowest level sinceJuly 2017. Nevertheless, it remains at triple digits: 105.6%.
Days of Inventory rose nine days to forty-one days in July. That’s thehighest the indicator has been since January 2017. Since January 2000, SantaClara County has averaged ninety-four days of inventory.
It is taking nineteen days to sell a home. Home sales were down, year-over-year, for the third month in a row. Sales fell 16.6% from last July.
The number of homes for sale is at its highest level since October 2016.
As of August 5th, there were 1,151 homes and 413 condos for sale in SantaClara County.
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