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Download Now: Market Data Reports (Feb 2020)

February’s complimentary Market Data Reports for the five MLSListings counties in the Silicon Valley and coastal regions are now available for subscribers to download.

Inventory and Median Days on Market Drop Again

Single-family home inventory was again down year-over-year across all five MLSListings counties, maintaining a trend from the end of 2019. Inventory fell the least in Santa Cruz (12% less than last year) and decreased the most in Santa Clara (37% less than last February).

The market continued to move quickly, as median Days on Market data showed transactions closed in far fewer days than February 2019 in all counties except San Benito. In Santa Cruz, for example, half of the closed sales happened in 25 days or less, compared to 64 days last February.

There were robust year-over-year gains in median price in Monterey (20%), Santa Clara (15%), and San Mateo (11%) counties, while median price was flat in San Benito and down 5% in Santa Cruz. Closed sales were up in Santa Cruz, held steady in San Mateo, and dropped in Santa Clara (2%), Monterey (3%), and San Benito (22%). Lastly, new listings grew in San Mateo, San Benito and Santa Cruz counties.

For a more in-depth look at the real estate landscape in the five MLSListings counties, download the February 2020 Market Data Reports:

 

 

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