June 2021 Report
Single Family Homes in Santa Clara County, All Cities, All Neighborhoods Change >
Average Price$2,139,880
+5.6%
Pending Properties1,352
-0.9%
Sale/List Price Ratio109.9%
-0.1%
Days of Inventory15
-13.6%
Trends at a Glance
| Trends At a Glance |
Jun 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$1,747,620 (+5.3%) |
$1,660,000 |
$1,380,000 (+26.6%) |
| Average Price |
$2,139,880 (+5.6%) |
$2,026,750 |
$1,686,420 (+26.9%) |
| No. of Sales |
1,162 (+5.5%) |
1,101 |
849 (+36.9%) |
| Pending |
1,352 (-0.9%) |
1,364 |
982 (+37.7%) |
| Active |
621 (-5.6%) |
658 |
1,030 (-39.7%) |
| Sale vs. List Price |
109.9% (-0.1%) |
110.1% |
100.6% (+9.3%) |
| Days on Market |
13 (-2.8%) |
13 |
23 (-42.4%) |
| Days of Inventory |
15 (-13.6%) |
18 |
35 (-55.9%) |
Market Commentary
Sales prices for single-family, re-sale homes set new highs for the fifth month in a row. The median sales price was $1,747,620 last month, a gain of 26.6% compared to last year. That’s the twentieth month in a row the median sales price has been higher than the year before.
The average sales price for single-family, re-sale homes also set a new high for the fifth month in a row. It rose to $2,139,880. A gain of 26.7% year-over-year.
The sales price to list price ratio went from 110.1% to 109.9%. Multiple offers continue to be the norm.
Sales of single-family, re-sale homes were up 38.3% year-over-year in June. There were 1,162 homes sold in Santa Clara County last month. The monthly average since 2000 is 987.
This was the tenth month in a row that home sales were higher than the year before.
Pending sales were up 29.1% year-over-year.
Inventory of single-family, re-sale homes was down 32.1% compared to last year. That is the twenty-second month in a row inventory has been lower than the year before. As of July 5th, there were 621 homes for sale in Santa Clara County. The average since January 2000 is 2,703.
Days of Inventory, or how long it would take to sell all homes listed for sale at the current rate of sales, fell three days to 15 days compared to April. The average since 2003 is 89.
It took only thirteen days to sell a home last month. That is the time from when a home is listed for sale to when it goes into contract.
The median sales price for condos was up 14.4% from last June. The average sales price gained 12.2% year-over-year.
Condo sales were up 114.2% year-over-year. There were 557 condos sold in June.
The sales price to list price ratio went from 104.6% to 104.7%.
Condo inventory fell 17.1% compared to last June.
As of July 5th, there were 387 condos for sale in Santa Clara County. The average since January 2000 is 757.
Days of inventory fell three days to twenty.
It took an average of nineteen days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.