| Santa Clrara County | For The Month of May,2011 | |||
| Single Family Homes | ||||
| Range | Active | Pending Sale | Ratio | |
| 3 Million to 30 Million | 65 | 5 | 13.00 | |
| 2 Million to 3 Mil | 117 | 27 | 4.33 | |
| 1Mil to 2 Mil | 461 | 287 | 1.61 | |
| 900k to 1 Mil | 120 | 97 | 1.24 | |
| 800k -900K | 180 | 121 | 1.49 | |
| 700K to 800K | 227 | 158 | 1.44 | |
| 600K-700K | 310 | 203 | 1.53 | |
| 500K-600K | 327 | 326 | 1.00 | |
| 400K-500K | 398 | 525 | 0.76 | |
| 300K-400K | 250 | 614 | 0.41 | |
| 200K-300K | 110 | 438 | 0.25 | |
| 100K-200K | 11 | 48 | 0.23 |
Number of Current Listings VS Pending Sales in Santa Clara County
It is apparent that below $500000 , the sales are very brisk and the supply cannot even catch up with the demand.
However above 3 million, we have a glut of homes . Out of 70 total listings only 5 were listed as sales thus we have now a supply of 13 months which is an ominous sign for the luxury market as it has become a buyer's market.
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