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 the month of November 2023:
The Number of SOLD listings decreased by 17% to 764 properties, with a top sale of $9,500,000 million at 1475 Country Club Drive, Los Altos.
The Average Sales Price decreased by 6% to $1,732,384 million, moving the Average Price Per Square Foot raised to $1,004 per square foot.
As measured in months supply, the inventory of properties available for sale stays the same to 1.40 months’ worth of properties for sale.
The average 30-year fixed mortgage rate decreased to 7.41%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.