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May 2020 Market Data Reports: Download Now

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.

Glimmers of Hope as Real Estate Restrictions Relax

The resumption of in-person showings of occupied residences (under strong guidelines) on May 4, 2020 likely alleviated some of the negative effects of the pandemic in May by keeping real estate transactions moving and encouraging new listings to enter the market.

Pricing showed gains in three of the five MLSListings counties, with Monterey and Santa Clara each showing a 2% year-over-year increase in median price and San Benito reporting a 10% gain. Demand in Santa Clara County remained surprisingly robust, as median days on market (DOM) declined from 12 to 11 when compared to last May (although DOM increased in the other four counties).

Not all news was good, however, as closed sales fell across the board compared to May 2019, from a low of (38%) in Santa Cruz County to a high of (63%) in Monterey County; Santa Clara reported a decline of (52%), San Mateo (45%), and San Benito (59%). Inventory dropped across all five counties as well year-over-year, with San Mateo showing the lowest decline (9%) and Santa Clara showing the highest decline (27%); Monterey inventory declined (18%), San Benito decreased (15%), and Santa Cruz dipped (14%).

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

 

MLSListings Live #5 Recording Now Available

If you missed last week’s episode of MLSListings Live, or want to see it again to get an advanced look at two exciting new features we are releasing this week (Create Your Own Login and the Pro Support Community site), you can watch the recording here: https://www.youtube.com/watch?v=9MrAHywKrSg

 

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