April’s market stats show that median prices rose double digits in Silicon Valley while sales are slowing as compared to April 2013.
While this may not be across the board in all five home counties, it’s the case for the majority. Compared to April of last year, single family residential median price levels remain positive except in Santa Cruz County where they dropped 1%.
Monterey County median price is up 19%, San Mateo increased 13%, San Benito is up 22% and Santa Clara County increased 14%.
In addition inventory was increasing over same period last year making it easer for clients to get offers accepted this year 2014.
Data supplied is for MLSListings Inc five home counties.