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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 Year 2024 versus Year 2023:
The Number of SOLD listings increased by 9% to 11,039 properties, with a top sale of $17,950,000 million at 1527 Waverley Street.
The Average Sales Price increased by 9% to $1,953,359 million, while the Average Price Per Square Foot rose to $1,080.
As measured by months of supply, the inventory of properties available for sale remained unchanged at 1.10 months’ worth of properties.
The average 30-year fixed mortgage rate increased to 7.04%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, don’t hesitate to contact Gail.
