What is the current Santa Clara county Ca Real Estate market? If we compare from May 2008 to May 2009, you will find some interesting changes:

1). Home inventory dropped from from last year’s 6130 to this year 4445 .  The numbers of sold homes increased from last year 874 to 987 this year.

2.) The average Santa Clara County homes sales price is lower.  This May sales  price is $645,774 vs last May’s ’ $976,263. The median sales of May 2009 is $490,000 which is dropped from last May’s $772,500.

3.) Last May took average 71 days to sell a home however this year will need 86 days to sell a home.

This real estate trend is the same as last month. In the may of 2009 there are 27.48% less home in inventory  and 12.92% more the Santa Clara County homes get sold.  The average Santa Clara County sales price dropped 33.8% and the Santa Clara County  median price homes dropped 36.56% from last May to this May.  We have more homes sold and less inventory for sale form year to year. Both Median and average home price dropped about 1/3 year to year. The above data information came from the www.reil.com.

Any home buyers and sellers really need a good realtor to help them. If you or someone you know is thinking of buying or selling property in Santa Clara County (Sunnyvale, Santa Clara County, Saratoga, Mountain View, San Jose), California, please contact me because I offer a free 45 min. consultation to cover a complete current real estate market. You can email me GraceKeng1@gmail.com