Housing inventory in Santa Clara County has risen by nearly 29% compared to last year, though current inventory is still below two months. The pace of sales has slowed from typical spring levels, but home sales continue to show resilience. New listings are on the rise, and median home prices have increased by 5.5% year-over-year. Buyers now have a wider selection of homes, including more options for first-time buyers, with listings available across various price points.
Home sales in Santa Clara County continue to show resilience. While closed sales dipped slightly, new listings are up and home prices continue to rise.
With the average median sales price hovering close to $2 million, there is an increased opportunity for first-time buyers to enter the market.
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