Sunnyvale Homes For Sale vs Sold

Market Trend Sunnyvale

This graph shows the number of new listings vs the number of listings that have sold each month in Sunnyvale. While it shows that inventory is rising toward the end of this year, I wouldn’t worry that the market is shifting too far. I don’t see home prices falling significantly, a rise in inventory will tend to lower prices but the extremely low interest rates will combat that. Homes are still selling over asking price, last year on average homes were selling for 110% of asking vs 107% year to date.

Leave a Reply

Your email address will not be published. Required fields are marked *