Thursday, January 10, 2008

Post-holiday stats: Six thousand homes for sale locally; mortgage rates tick up

Sue McCallister writes Dec. 27, 2007:

After several days off to spend some quality time in airport terminals and assorted family members' living rooms, I'm back at work and feeling the need to pierce my post-holiday haze with a few real estate statistics. Here's where we are: In Santa Clara County today, according to MLSlistings.com, there are 6,091 houses and condos for sale (some of those may already be in contract to sell; the new MLSlistings doesn't allow public users to weed those out of the search results, at least so far as I have been able to tell). Of those, 682 are priced at $400,000 or less. Twelve months ago if I had written that sentence you would have been sure I'd made a typo. The county's for-sale inventory -- and that of the region -- has fallen for the past two months, but it's a seasonal thing, and doesn't mean that herds of buyers have suddenly started writing out deposit checks. According to a recent report from Coldwell Banker Silicon Valley, 181 houses and condos went into contract in the week ending 12/21. At the same time in 2006, new sales contracts totaled 244.

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