This Month In Real Estate For Santa Clara County January 2015 Edition
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%.