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.

2018 Santa Clara July home sales consisted of 56 single family homes sold in Santa Clara, a decrease from of the 65 homes sold in

2018 Santa Clara June home sales consisted of 65 single family homes sold in Santa Clara, an increase of the 21 homes sold in May

2018 Santa Clara May home sales consisted of 21 single family homes sold in Santa Clara, a large drop from 50 homes just sold in

2018 April Home Sales for Santa Clara saw 50 single family homes sold in Santa Clara. Sellers continue to receive record prices for their homes

2018 March Home Sales for Santa Clara saw 60 single family homes sold in Santa Clara. Sellers continue to receive record prices for their homes

2018 February Home Sales for Santa Clara saw 33 single family homes sold in Santa Clara. Sellers continue to receive record prices for their homes