Inventory Slightly Rises as Median Prices Hold Steady

http://www.mlslistings.com/Portals/0/MarketDataReports/Jan2015/homecounties-inventory_jan2015.png

January’s single family inventory numbers took a slight jump from December 2014, increasing in all of our five home counties. Year-over-year inventory numbers for single family homes also rose with Santa Clara leading the way with a 34% increase. Townhouses and condos followed the same pattern as single family homes in January. Inventory saw modest gains, and the counties that had inventory numbers dip only did so slightly when compared both to last year and last month’s figures.

Despite growing inventory and reduced closed sales, median price for both single family homes and condo/townhomes kept steady in January.

http://www.mlslistings.com/Portals/0/MarketDataReports/Jan2015/homecounties-medianprice_jan2015.png

 

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