Almaden Valley Real Estate Market Update for January 28, 2012

The Almaden Valley real estate market showed a bit of slowdown this past week. The number of single family homes on the market remained virtually unchanged, increasing from 60 last week to 61 this week. The number of listings under contract increased from 30% to 31% over the same time frame.

Traditional (ie non-distressed) sales were similar; the number of available single family homes increased from 48 to 50, while the number of listings under contract fell from 16 last week to 14 this week.

Last week appears to have been fairly slow, with few new listings coming on the market and few going under contract. Although buyers are in the market and taking advantage of historically low interest rates, it would seem that sellers haven’t decided yet to put their homes on the market. It is an incredible time to sell your home. Call me if you are interested.