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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 residential properties, here’s what happened in May 2024 versus April 2024:
The Number of SOLD listings increased by 12% to 1,308 properties, with a top sale of $15,100,000 million at 420 Maple Street.
The Average Sales Price increased by 2% to $2,038,922 million, moving the Average Price Per Square Foot down to $1,125 per square foot.
As measured in months’ supply, the inventory of properties available for sale increased to 1.30 months’ worth of properties for sale
The average 30-year fixed mortgage rate decreased to 7.17%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
