Where Is the Silicon Valley Market Heading?

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What's the state of our marketplace and where is it heading moving forward? This is the question we're asked more than any other, and we want to address it for you here today.

Here's what we've seen the market do since last year:

- 10% increase in sales price ($795,000 to $875,000)
- Days on market has dropped by a day
- The number of sales has increased (16,426 to 17,112)
- 17.5% fewer active listings (4,284 to 3,523)

During this time of year, we're often asked whether it's better to wait until spring to sell. With the numbers we're seeing now, and with as few homes available as we're currently seeing, it may be the perfect time to sell depending on your neighborhood. If there's not a single house from your neighborhood on the market, it might just be the perfect time to sell quickly and get top dollar for your home.

The combination of less competition and low inventory make now possibly the best time to sell your home. If you think now might be the best time for you and your family, or if you're unsure and want sound real estate advice, we would love to hear from you. We're always here to help!