This is what I shared at the June 8, 2015 Evergreen East Valley Real Estate Marketing Meeting.
Usually on Sundays I start cranking the data off of the MLS and start putting my report together. Weekly for the Evergreen East Valley Real Estate Marketing Group I will present real estate activity and data and trends happening over the week or month or other relevant data.
The inventory over the county of Santa Clara here in Silicon Valley is still pretty low, it came in at 1390 for all single family, condo, and townhouses. In Evergreen, it was a total of 108, in Alum Rock it was 99, and in South San Jose it was 58.
As for closings in the county last week, 263 homes sold with only 15 of that in Evergreen, 5 in Alum Rock and 9 in South San Jose.
Lately, I have been tracking days on market. Early in the year, I was amazed how inventory was getting gobbled within 30 days. Starting about March, days on market was shortening to 14 days then in some instances at 10 days! This kind of activity tends to put the general consumer of buyers in a frenzy. SUPPLY AND DEMAND!
Evergreen Housing Data By Zip Code