It's that time of the month again to talk about stats, and the Cupertino Market. These stats are compiled by hand daily, and posted as the number from the last day of the month. (+/-).
This first chart is for Single Family Homes in Cupertino, showing year to date. (Monthly)
The Blue line shows active inventory. As with most years, inventory takes on a seasonality and drops as we approach the end of the year and increases as we come forward in the new year. I would assume this will be the case in Cupertino as well.
The Red line is pending inventory. As with less active inventory, so drops the pending in this case. As more buyers come out of the crowd, you will see this increase.
The Green line is for sales that have occurred in the last 30 days. This has had a slight increase, and can be decieving. With the amount of short sales, it can take months for the pending inventory to reach the sold stastic. We could see this increas as well as we lead into the new year.
This second chart is for Condo and Town Home ownership interest.
The Blue line is for active inventory. You have seen a dramatic drop in the amount of homes that are for sale in Cupertino. Some of these homes have sold, and many could have been sellers that just took their homes off the market.
The Red line is for pending sales, that along with the actives has dropped. Causing a cruch in inventory that can stablilize prices.
The Green line is for the number of sales, that naturally rose as the inventory falls.
Call me today, so I can help you buy or sell your next home. Our awesome team of 135 agents here in Cupertino are ready to help!
:)
Chris
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