As housing inventory goes down in the United States, Silicon Valley sees an increasing number of homes on the market – Silicon Valley Business Journal
In the third-quarter in the San Jose metro area, median listing prices for homes in the bottom, middle and top-third of the market were $631,000, $946,000 and $1.85 million, respectively. Those prices represent year-over-year increases of 9.8 percent, 8.7 percent and 3.5 percent.
Sourced through Scoop.it from: www.bizjournals.com
We had a typical increase in inventory after July. Working sellers into the market requires a plan for where they are going. Comments like, “If I sell my home, I may never be able to get back into the market if I return.” or “My kids need a place to live, how can I use my equity to help them?” Great questions and real issues. There are ways to accomplish your goals in every market. You simply need the right information and the right professionals.