Almaden Valley Real Estate Market Update for July 9, 2012

Buyers continue to outnumber sellers in the Almaden Valley real estate market. The number of available homes dropped slightly, from 57 last week to 56 this week.

The percentage of listings under contract crept up from 53% to 54% over the same time period. It looks like we haven’t seen this many homes under contract since April of last year, when the number of available homes was a healthier 105!

Some banks have dropped mortgage rates, an act sure to spur even more buyer interest in our market. Unfortunately, the sellers simply are not coming out to play. Buyer interest is still high despite the lack of inventory, a situation that puts sellers in a decidedly advantaged position.

If you would like to know how you can capitalize on this unique market, give me a call and let’s talk!