As of Dec 8, 2008 the Mountain View market looked like this:
Single family homes:
71 homes for sale
12 pending sales
4 closed sales in the previous week
70 for sale
20 pending sales
2 closed sales in the previous week
What does this mean?
First of all there are a lot of homes for sale in Mountain View, which traditionally has more condo/town homes for sale at any given time because there are a lot more of those than single family homes. 70 is not a huge number for condos, but it is for single family homes. The ration of single family homes for sale to pending sales also shows a lot of softness in the market. For condos, the ratio is better. I would attribute this to the fact the less expensive condos are easier to sell because money is easy and cheaper to get for these sales.
I am an expert on the Mountain View market, so if have any real estate questions or needs, please feel free to contact me.
Keller Williams Realty