As of Monday, June 20, there are 118 single family properties currently available in Almaden Valley, an increase of 6 from last Monday. The percentage of single family listings in escrow dropped from 35% last Monday to 34% this Monday.

For traditional sales (non-distressed properties), the drop was from 27% to 24%. This continues the normal seasonal trend we touched on last week; we anticipate that home sales drop in the summer.

All that being said, my open house on Fleetwood last weekend was non-stop traffic. Buyers are still out there trying to catch interest rates before they go up. And good homes that are priced right are still very attractive.

The Almaden Valley real estate market traditionally slows down for the summer, and this mild decrease is in line with historic trends. Additionally, my open houses this weekend were a little bit slow, in part due to all the graduations going on.