MLSListings Silicon Valley and Coastal Regions Housing Market Overview
(Monterey, San Benito, San Mateo, Santa Clara, and Santa Cruz Counties)
Holiday Housing Market Proving Naughty and Nice
Year-Over-Year Gains with Seasonal Slowdowns
Single-family homes inventory made substantial gains compared to 2014. By county, San Mateo single-family home inventory grew 72%, Santa Clara 48%, Monterey 18%, San Benito 11%, and Santa Cruz 8%. Month-to-month inventory tells a different story, going through a cyclical drop compared to October 2015 in all counties except in San Benito, which grew 1%. Inventory dropped 24% in Santa Clara County, 20% in Santa Cruz County, 19% in San Mateo County, and 8% in Monterey County.
Single-family home sales in November 2015 remain above last year’s levels in four of the five MLSListings counties, with San Mateo showing the only decline at 3%. Monterey County sales rose 17%, Santa Cruz 8%, San Benito 7%, and Santa Clara up 3%. Compared to October 2015, sales dropped by double digits in all counties. San Benito had the largest drop at 53%, Santa Cruz 23%, Santa Clara 22%, Monterey 21%, and San Mateo sales fell 12%.
Finally, compared to 2014, the median sales price remains relatively positive, with the counties of San Benito up 19%, Santa Clara up 13%, San Mateo and Monterey up 9%, and Santa Cruz up 3%. Compared to last month, the median price dropped 5% in Santa Cruz County, up 5% in San Benito County, 4% in Monterey County, and up just 1% in both San Mateo and Santa Clara Counties.
Source: MLSListings, Inc
http://www.mlslistings.com/media-center/resources/-market-data-reports/udt_931_param_detail/228
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