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Santa Clara County Real Estate Market Report - October 2011

November 20th, 2011 6:45 PM by Mike Frangadakis

Sale of single-family, re-sale homes fell 4.9% in October from September, but were up 2.4% year-over-year. Year-to-date, home sales are up 0.5%.The median price for homes was down 13.9% year-over-year. This is the twelfth month in a row the median price for homes has been lower than the year before. See the table below for more stats for Single Family.Santa Clara County RE Report - Oct 2011

Condo sales were up 3.8% from September and up 12.5% year-over-year. Year-to-date, condo sales are up 11.1%.The median price for condos was off 4.1% compared to last October. See the table below for more Condo Stats for Santa Clara County.Santa Clara Condo Report - Oct 2011

Inventory of both homes and condos continues to be weak. Home inventory was down 25% compared to last October: 2,014 homes actively listed. Condo inventory was down 44.2% year-over-year.

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Posted by Mike Frangadakis on November 20th, 2011 6:45 PM

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