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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 Quarter 1 2024 VS Quarter 1 2025:
The Number of SOLD listings increased by 4% to 2246 properties, with a top sale of $16,800,000 million at 1870 University Avenue.
The Average Sales Price increased by 11% to $1,997,281 million, moving the Average Price Per Square Foot up to $1,097.
As measured in quarterly supply, the inventory of properties available for sale increased by 100% to 2.00 quarterly worth of properties for sale
The average 30-year fixed mortgage rate decreased to 6.78%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
