MLSListings Real Estate & Housing Update: February 2015
(Monterey, San Benito, San Mateo, Santa Clara, and Santa Cruz Counties)
Silicon Valley Housing Inventory & Median Prices on the Rise
February’s inventory numbers showed gains in all reported counties when compared both month-over-month and year-over-year. Santa Clara County leads the way in year-over-year gains with a staggering 49% jump, while San Mateo and Santa Clara Counties saw a 23% and 22% jump when compared month-over-month. New listings dropped in all reported counties when compared to last year’s numbers. However, all counties saw double digit gains in new listings when compared to last month’s totals with San Mateo showing a 35% gain, Santa Clara a 32% gain, San Benito rose 20%, Santa Cruz up 16% and Monterey up 14%.
Median prices for single-family homes also rose in all reported counties in both year-over-year and month-over-month comparisons.
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Data supplied is for MLSListings Inc five home counties: Monterey, San Benito, San Mateo, Santa Clara and Santa Cruz. MLSListings data is tabulated the third of every month to the third of the following month; primarily to account for late corrections and additions by agents. These updates are often not included in most market reports. The Market Indicators Report reflects the most current information on the date the report is generated.
A complete report for numbers indicated in summary can be found at mlslistings.com in the Media Center.
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