Housing Market Snapshot - Feb 2018

The housing market in February continues to be tight and crazy. In Santa Clara County alone the inventory of single family homes is 670 units, an increase of 32% compared to January 2018. Housing inventory is starting to thaw. But, it's still much less than the inventory in February of 2017. The median price of a home is almost $1.4M, an 18% increase over last month. If you're selling that is great news. If you're buying, don't let that discourage you! My advice to buyers, meet F2F with a lender and let them share with you the many options you have. I have a network of both institution lenders (Wells Fargo, Chase etc) and non institutional lenders which always, by the way, have more options & flexibility. Give me a call today and we can get you started down the path to home ownership!

David Conti | Keller Williams Realty | 408.896.481 | [email protected] | homesbyDavidConti.com