This Month In Real Estate For Santa Clara County
This month in real estate news, home sales in Santa Clara County are down 9.7% year-over-year. Home prices in Santa Clara County increased 11.5% year-over-year. This month in real estate, closed sales of single family, condos and townhomes declined 35.9% since December 2014. This month in real estate, the median price of single family, condos and townhomes declined 1.5% since December 2014. Buyer demand remains relatively strong as inventory of homes for sale continue to decline year-over-year in Santa Clara County, even as prices continue to rise. Mortgage interest rates remain at historically low levels, hovering just under 4%, well below the historic average at 8.9%.