Almaden Valley Real Estate Market Update – November 14, 2011

The number of listings on the market in Almaden Valley dropped from 72 last Monday to 65 this Monday, while listings under contract increased from 34% to 38% during the same time frame. Traditional (ie non-distressed) listings dropped from 63 to 57 and the percentage under contract increased from 28% to 30% from last Monday.

The decrease in homes on the market are entirely in line with the seasonal market cooling trends we see this time of year as owners choose to keep their homes off the market for the holidays. However, with interest rates so low, buyer interest may not cool down as much as they take advantage of the lower rates.