Single Family Market
Sales remained flat as we are now entering the summer months; yet look at the increase in homes coming on the market. The inventory minus homes sold were about 4.07:1, hence, the absorption rate approaching 4.10 months in June was extremely accurate. Yes, at the end of June, you would have been up against 4.10 months of unsold inventory of homes to compete against in Santa Clara County if you put your home on the market. That number (unsold inventory) seems to be increasing.
Steve Mun, Silicon Valley Realtor
www.stevemun.com
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