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.
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.
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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