The shift continues……..
I wrote about a shift that was occurring in the market place in Santa Clara County a little while back. Luckily, it seems the shift is continuing. And given the amount of activity out there in the real estate market place right now (as cited by Mercury News), we should have a lot of activity in the coming summer months as long as interest rates remain low and hopefully no more layoff notices from Valley employers.
The monthly inventory is continuing to decrease; number of properties in contract is still rising; and the number of properties actually sold is also continuing to rise. Obviously we are far from being out of the woods, but the trend is a welcome one.
Steve Mun, Silicon Valley Realtor
www.stevemungroup.com
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