Sales of single family homes reached 1265 in July in Santa Clara County, the highest number in over 3 years, and the average price increased to $713k.
Homes selling for less than $600k were 50% of the market and the inventory of homes in that price range was 1.2 months. This is down from a 5 month supply in January.
Homes selling for over $600k were 50% of the market. That is up from 24% in January, and the inventory of unsold homes in this price range has dropped from 15 months to approx. 3 months.
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