I pull the stats daily for Cupertino and the county. There have been some interesting things going on in our market.
As you can see from the monthly stats that I pull, the market seems to be going in the right direction! Pending sales are up, sales are up. Great time to get into the market! (sales are based on the number of closings that occured in the last 30 days from the time the stats are pulled for that day).
When you look at the current month, you see a different picture. Inventory is on the rise, pending are starting to slow and sales are slowing as well.
If you are thinking of selling, make sure that you price you home to where buyers are going to buy. The value of your home is based upon a willing and able buyer wanting to pay the price that they feel compfortable paying. That can go up or down based upong demand.
This could be just a hickup from the end of the tax credit, or a trend. One month is not enough data to make a prediction.
:)
Chris
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