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Welcome to The Rossetti Realty Market Update.
If you’re considering buying or selling residential real estate, it’s essential to understand the current market trends.
According to MLS Listings, the marketplace for Santa Clara County residential properties, here’s what happened in October 2023 versus September 2023:
The Number of SOLD listings increased by 2% to 886 properties, with a top sale of $16,250,019 million at 24301 Elise Court, Los Altos Hills
The Average Sales Price decreased by 1% to $1,837,443 million, moving the Average Price Per Square Foot down to $1,002 per square foot.
As measured in months supply, the inventory of properties available for sale increased by 7% to 1.50 months’ worth of properties for sale.
The average 30-year fixed mortgage rate increased to 8.01%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
