THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN EUGENE, OR
IS TO COMPARE
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS
In November, 2011, the number of closed sales in Santa Clara reached at least an eleven-year low. The number is significantly below November of last year and represents less than half of the demand during the boom years.
But the inventory level is also at a four-year low ....and, more significantly, is lower than the level in 2001 and 2002 - just preceding the boom.
Here for the
SANTA CLARA
RMLS Market Area Are:
A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the
Months of NOVEMBER
2001 - 2011:
And a decade of Average Prices for Closed Sales
for the
Months of NOVEMBER
2001 - 2011:
The average price in Santa Clara bumped up significantly this November....maybe that is a start of something good. It is likely directly related to the significantly lower inventory shown above.
These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area. The mix of homes sold varies over time. The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices. A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.
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