2019 October home sales in Santa Clara consisted of 45 single-family homes that closed escrow, a slight increase from the 44 homes sold in September. 

2019 September home sales in Santa Clara consisted of 44 single-family homes that closed escrow, a slight increase from the 43 homes sold in August. 

2019 August home sales in Santa Clara consisted of 43 single-family homes that closed escrow, a decrease from the 56 homes sold in July.  Average

2019 July home sales in Santa Clara consisted of 56 single-family homes that closed escrow, an increase from the 46 homes sold in June.  Average

2019 June home sales in Santa Clara consisted of 46 single-family homes that closed escrow, a decrease from the 64 homes sold in May.  Average

2019 May home sales in Santa Clara consisted of 64 single family homes that closed escrow, an increase from the 46 homes sold in April. 

2019 April home sales in Santa Clara consisted of 46 single family homes that closed escrow, a decrease from the 56 homes sold in March. 

2019 March home sales in Santa Clara consisted of 56 single family homes that closed escrow, an increase from the 39 homes sold in February. 

The Santa Clara market tightened up for the last month of the year, as home inventory dropped, which is typical for the holiday season.  There were very little new listings and many homes that had been sitting on the market were finally sold and will be closing in January.  Moving forward to expect home inventory to expand.  Generally buying activity is pretty hot in the beginning months of the year, as inventory is ramping up.  

Prices have settled further down and activity is still slower as home buyers are taking their time.  Home inventory has started to drop, which is typical for the holiday season.  Look for prices to stay relatively firm for the holidays, as inventory continues to drop as less homes are listed, and buyer’s absorb what good options are left.