This is the weekly market statistic update for Santa Clara county. Active listings refer to single family homes, condos and town homes currently for sale. Pending means any of the above homes in the process of being sold. DOM means, how many days on the market before the properties received an offer and began the process of being sold/ escrow. Months of inventory is the length of time it would take to sell all properties if nothing new came up for sale. The sale to list price ratio is the percentage of how much above or below the list price the property actually sells for. One month ago there were 1120 active listings in Santa Clara county. Today there are 1050. The median days on market in December of 2013 was 19 days, in November it was 14 days. One year ago the sale to list price ratio was 102.1%, in October of this year it was 102.9% and in November of this year it was 102.9%. One year ago there were 1162 closed sales in Santa Clara county for the month of December. In October of 2014 there were 1369 closed sales in Santa Clara county and in November of 2014 only 989. The median sale price in December 2013 for properties in Santa Clara county was 660K, October of 2014 it was 760K and November's median sale price was 751K. We had 1.3 months of inventory in October of 2014 and 1.1 months in November of 2014. Please contact me to see find out how these statistics affect you!
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