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Download This Month’s Free Market Data Reports

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

 
Hold That Power Shift – Sellers Still Flexing Muscle

Although the prevailing wisdom is that power is shifting from sellers to buyers with respect to single family homes, there are indications that sellers are not relinquishing control easily. Median prices were up from last month in the counties of San Mateo, Santa Clara, and Santa Cruz, while staying flat in San Benito and decreasing only 2% in Monterey. Year-over-year, median prices were up in Monterey and San Benito, and only slightly down in the other counties.

Closed sales rose compared to September in Santa Clara, San Mateo, and Monterey, and remained even in San Benito. New listings are down everywhere (except San Benito) and inventory is tightening in all counties, factors that can boost prices. And seller muscle is definitely showing in median days on market (still under 30 days across counties) and in percent of list price received (which remains close to 100%).

For a more in-depth look at the real estate landscape in the five MLSListings counties, download the October 2019 Market Data Reports:

 
Market Minute Videos

In addition, MLSListings Director of Professional Development, Mark Messimer, and Aculist Senior Product Marketing Manager, Michelle Ronco, recorded a fresh set of Market Minute videos for this month.

Watch the Market Minute videos now:

 

 

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