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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 January 2024 versus December 2023:
The Number of SOLD listings decreased by 60% to 17 properties, with a top sale of $2,650,000 million at 330 Crestview Drive, Santa Clara.
The Average Sales Price increased by 4% to $1,569,429 million, moving the Average Price Per Square Foot raised to $1,140 per square foot.
As measured in months supply, the inventory of properties available for sale increased to 2.40 months’ worth of properties for sale.
The average 30-year fixed mortgage rate decreased to 6.84%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
