Almaden Valley Real Estate Market Update – August 1, 2011

The market is still gradually recovering from the anticipated summer doldrums. The number of available single family listings dropped for the sixth straight week, from 106 last Monday to 104 this Monday. The percentage of listings that are under contract increased from 36% last week to 37% this week. For traditional (non-distressed) single family homes, the number of available listings dropped from 98 last week to 96 this week and the percentage of listings under contract held steady at 27%.