Almaden Valley Real Estate Market Update – August 29, 2011
There wasn’t much change in the real estate market this past week. The number of available single family homes decreased slightly, from 97 last Monday to 96 this Monday. The percentage under contract also decreased slightly, from 34% to 33% in the same time frame. For traditional (ie non-distressed) properties, the number of available listings increased one, from 88 last week to 89 this week, and the percentage under contract decreased slightly, from 27% to 26%. Interest rates inched up a tiny bit, which may cause a few fence sitters to jump into the market.