Weekly Snapshot

Here’s our weekly snapshot of key market data for the Week of Wednesday, May 13th to Tuesday, May 19th, shown as part of the trend since the beginning of March..

In both counties, we continue to see the number of new listings hold fairly steady and similar to what we were seeing before the Shelter in Place took effect. The number of properties in contract are also holding steady with Santa Clara County at the highest level for this year. The number of canceled and withdrawn listings is also staying steady, while the number of Closed Sales is about level, though somewhat depressed for what we would expect this time of year. This is no surprise as the number of new listings was significantly reduced in March and April. We hope to continue to see this number rise as SIP is relaxed and we see more sellers and buyers out there.