Silicon Valley housing market is improving. Below is a chart about Santa Clara County housing inventory and sales from April 2004 until beginning of March 2011. The data are pulled from Multiple Listing Services which are good source of most of the real estate transactions occurred.
Santa Clara County Real Estate Sales and Inventory Trend from April 2004 to March 2011
Here is what the Chart tells us:
- SFR inventory is trending down
- Pending house numbers for SFR are getting close or even high than active house numbers – More houses are sold than those are put on the market for sale
- Same trend for townhouse/Condo •
- This is encouraging sign for housing market.
I will post more data about sales price in comparison between 2010 and 2009 and look into different neighborhoods in my next posts.
If you want to have an enlarged chart, please email me at SophieHome@Ymail.com
