Silicon Valley
Dive into the current Silicon Valley real estate landscape.
Silicon Valley
Dive into the current Silicon Valley real estate landscape.
November 2024
Silicon Valley's housing market remains robust, with single-family home prices showing year-to-date and year-over-year gains despite high mortgage rates. The median home prices, slightly below peak levels, align with seasonal trends and are expected to dip mildly through the year’s end. Inventory rose in October, though it remains low compared to historical averages, sustaining a sellers’ market, particularly in San Mateo and Santa Clara. Mortgage rates near 7% may slow buyer activity in the coming months, but overall, the market is set to follow traditional seasonal patterns into early 2024.
What does Q4 hold for Silicon Valley real estate?
Single-family home prices in San Mateo and Santa Cruz reached all-time highs in May
Prices will likely decline for the rest of the year.
Single-family home prices in Santa Cruz reached a record high in June.
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