rss
0

Shift Happens – New Aculist Data Shows Power Tilt from Sellers to Buyers Continues

Aculist data for the five MLSListings counties in Silicon Valley and the coastal regions are in for July 2019, and complimentary Market Data Reports are now available for download.

Looking at Single Family Homes, the Percent of List Price Received fell year-over-year in 4 out of the 5 MLSListings counties in July, and was flat in Monterey. Only Santa Clara (101%) and San Mateo (105%) counties are showing an average above 100%. In all other counties the average is below 100%, meaning that sellers are willing to take less than asking and signaling that more negotiating power is in the hands of buyers.

Meanwhile, Inventory levels remain well above 2018 levels in 4 out 5 counties (with Monterey County just 1% higher than last year). However, New Listings are down in 4 out of 5 counties, with San Benito flat compared to last July, which could potentially impact Inventory in the coming months.

For a more detailed look at the real estate landscape in the counties of San Mateo, Santa Clara, Santa Cruz, Monterey, and San Benito, check out these July 2019 Market Data Reports:

Market Minute Videos

In addition, MLSListings Director of Professional Development, Mark Messimer, speaks with Aculist’s Michelle Ronco in a series of Market Minute videos highlighting statistics and trends in each of the five MLSListings counties.

 

 

 

 

 

 

 

Watch the Market Minute July 2019 videos here:

 

Share

Comments are closed.