T
he following graphs show the pattern of the sales vs active listings
last year. The sales were very brisk with fewer listings in the fi rst half
of the year, creating multiple offers and over listing price sales. The
second half of the year showed more homes entering the market. For the fi rst
time in a few years, buyers had more choices and we saw fewer multiple
offers and sales going over asking price. The market stabilized somewhat—
still being a good market for the sellers while the buyers had more time to
choose and possibly negotiate. The prediction for this year is a continued
strong market with many buyers and the supply of houses increasing. Interest
rates are predicted to keep rising over the next few years. Bottomline: this is a
great time to buy or sell. Remember that individuals 55 years and older, living
in Santa Clara County, can still move their tax base. Give us a call; we're here
to help.
Selling South Valley
homes with quality
and distinction for
over 35 years!
Teri Nelson, Realtor
408.425.5200
BRE#00858151
Stephen Smith, Realtor
408.706.0561
BRE#02027105
175 E. Main Avenue, Ste 130 • Morgan Hill