Are we starting to see a market shift?

San Carlos Hills home for saleThe residential real estate market in San Mateo County and the Silicon Valley has been strongly favoring sellers since 2012-2013.

Since then prices have risen dramatically, multiple offers have been the norm on almost every listing (except the extreme high end), and buyers outnumber available homes by a wide margin.

This last month, however, I've been wondering if a shift has begun, or is the market just taking a breath as summer arrives?

It's too early to tell, but these are some interesting numbers for single family homes that I pulled for my newsletter readers.

Notice how inventory in every city has grown since November. Notice how many homes have experienced price decreases.

 

Chart-active listings, price reductions

Are we starting to see a shift in the residential market in San Mateo County and the Silicon Valley? Time will tell.

--- Come for a visit; Stay for a lifetime!

Lottie Kendall, Realtor®

Today | Sotheby's International Realty

San Carlos, California, 94070

CA BRE#01215160; 650-465-4547

Lottie@LottieKendall.com;

www.LottieKendall.com

www.SFCondosForMe.com

 

 

Comment balloon 19 commentsLottie Kendall • June 22 2016 10:19AM
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