Market Statistics – May 2007

Subscribers of my Real Estate Newsletter have received another copy, with the latest market trends. For those of you who don’t subscribe, here’s what is going on in a nutshell. This is county-wide, for single-family residences:

Median Price: $790,000 (year ago: $755,000)
Average Price: $832,842 (year ago: $846,921)
Units Sold: 153 (year ago: 193)
Sale/List Price Ratio: 97.9% (year ago: 98.0%)
Days of Inventory: 238 (year ago: 174)
Days on Market: 89 (year ago: 68)

Clearly the best bit of news here is that the median price is up quite a bit. Everything else, though, definitely shows a softer market. And the median price number is deceptive – what’s going on here is that more middle-and-upper range homes are selling than on the lower end. The condo market might be classified as “in the tank,” for example.

But, fear not – this too shall pass.

Click here to subscribe to my e-newsletter.

Find your Place

home-search-1600w-animated-new

Check out this article next

(Mis) Application of Technology

(Mis) Application of Technology

Last night I went to bed around 2:30 AM - a bit of a late night, especially for a Wednesday! And then, this morning, promptly…

Read Article
About the Author
seb-headshot-2022-08

I've been helping my clients get rich in Bay Area real estate since 2003. My decades of hard-won experience in the Silicon Valley real estate market provide sharp insights and invaluable lifestyle knowledge, empowering clients to make confident, informed decisions when selling, buying, or investing. Contact me to make your next move the best one yet.