April 2023 Market Update for Santa Clara County - Single Family Homes
If you were expecting a massive drop in home prices, you might be surprised to hear that buyer demand is at its highest level in 10 months. (Source: Redfin)
Despite uncertain economic conditions, the U.S. housing market is proving itself resilient.
In fact, according to the latest forecast model from CoreLogic, home prices are expected to rise by 3.7% from February 2023 to February 2024.
The days of 15% appreciation in a single year are a distant memory.
We’re returning to a steady state in the real estate market.
I understand that buying or selling a home can be a complex and stressful process, especially in today's ever-changing market.
Whether you have concerns or questions about the current market conditions, or simply need advice on how to make the best decisions for your unique situation, I am here to help.
April 2023 Market Update for Santa Clara County - Single Family Homes
1,313
Active Listings
237
Under Contract
642
Closed Sales
Homes Sold
103%
Sale-to-List Price
$1,682,500
Average Sales Price
29
Average Days on Market
$1,015
Average Price per Square Foot
Curious about how your home's value has changed?
We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information.