The housing market in Santa Clara, CA, is showing some signs of improvement. Let's first look at the monthly absorption rate, which is a ratio between current inventory and closed sales during the month. It's a way of understanding the health of the market and is a hypothetical figure of how fast the current inventory would be sold off if no new homes came on the market and properties continued to close escrow at the present rate.

The absorption rates for condos and houses in Santa Clara, graphed below, shows that single family homes have enjoyed a rate of less than 6 months over most of the year, which is quite good given the overall real estate market in Silicon Valley. (The National Association of Realtos says that under 6 months is a sellers market and over 6 months is a buyers market.)

The condominium and townhouse market in Santa Clara has struggled more, but in five months of the nine so far this year has fared better than the single family home market. In the other months, though, the absorption rate shot up wildly compared to that for houses.

To learn more about the real estate market in Santa Clara, to view specific statistics and data on the city's housing market, please continue reading on my Valley of Hearts Delight blog:
The Santa Clara Real Estate Market Update, Featuring Absorption Rates for Houses and Condos

If you would like information on buying or selling a home in Santa Clara, or anywhere in Silicon Valley, please call or email me. I'm happy to offer you a free, no-obligation initial consulatation.

Mary Pope-Handy, Realtor,  CRS, ABR, e-PRO, SRES, ASP, RECS, CNHS, ACRE
Helping Nice Folks to Buy & Sell Homes Since 1993
Co-Author: "Get The Best Deal When Selling Your Home In Silicon Valley"
Keller Williams, Cupertino, CA  (Silicon Valley)
877 397-5391 (Direct/Toll-Free/Fax);   408 204-7673 (Cell)
www.DelightHomes.com     (PopeHandy.com)
emailto: Mary@PopeHandy.com