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Download Now: Market Data Reports

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

Median Prices Hold Steady, But SIP Showing Its Impact

Despite the shelter-in-place (SIP) order in mid-March, median prices held up in April, even gaining compared to last April in 4 of the 5 MLSListings counties; Santa Cruz County showed a 4% decrease in median price.

Premiums (i.e., the amount paid above/below the list price) also closely mirrored last year, with San Mateo at 104%, Santa Clara at 103%, Santa Cruz and San Benito both at 99%, and Monterey at 98% on average.

However, the SIP showed its effects dramatically in closed sales, which were off by up to 50% from 2019, with San Mateo down (50%), San Benito at (49%), Monterey at (44%), Santa Clara at (36%), and Santa Cruz County dipping (33%).

Moreover, new listings were off, ranging from (39%) in San Mateo and Santa Cruz counties to (57%) in Monterey County. This will impact total inventory in what are typically the busiest months of the year.

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

MLSListings Live #3 Recording Now Available

In case you weren’t able to join us live – or if you want to watch it again – the recording of last Thursday’s episode of MLSListings Live is now available on our YouTube channel here:

https://www.youtube.com/watch?v=4dUSJ9VKGAc

 

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