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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 September 2024 VS October 2024:
The Number of SOLD listings increased by 11% to 1,027 properties, with a top sale of $14,350,000 million at 6 Tevis Place.
The Average Sales Price increased by 5% to $2,006,741 million, moving the Average Price Per Square Foot increased up to $1,094 per square foot.
As measured in monthly supply, the inventory of properties available for sale decreased by 21% to 1.50 monthly worth of properties for sale
The average 30-year fixed mortgage rate increased to 6.88%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
