Скачать с ютуб FEB 2025 | Real Estate Market Update | Santa Clara County | Heather Lange Homes в хорошем качестве

FEB 2025 | Real Estate Market Update | Santa Clara County | Heather Lange Homes

READ MORE: https://heatherlangehomes.com/feb-202... FEB 2025 Stats for Single Family Homes in Santa Clara County are here! As the trend of more inventory continues, February stats bring evidence that the 2025 housing market is heating up. Let’s dive in and look at single family homes in Santa Clara County. Active homes increased from January by 46%, with 956 Single Family Homes on market in February. This is more inventory we’ve see this month in the past 4 years and the trend seems to be on a continued rise. Pending Sales went up by 45% and Sold Sales up by 12%. Days on Market fell by 36% from January, translating into 9 days less on market, with homes taking an average of 16 days to get into contract during the month of February. This is a good time to note, that with more inventory for buyers to digest before they pull the trigger on their purchase, we may see days homes stay on market for a bit longer than a week, but doesn’t mean that the market isn’t hot. The Average Sale Price increased by 7% from January, now resting just under $2.384 ML. The Average Price per Square Foot also bounced up 7% from January, resting at $1,223 per square foot; and the List to Sale Price ratio went up by 4%, with homes now selling at an average of just over 9% over the offer list price. Although Months’ Worth of Inventory is now slightly over 2 months’ worth, the Bay Area housing market is off to a racing start as homes are getting gobbled up as soon as they hit the market. The growing delta between the list and sold price is telling us that buyer competition is strong and buyers are ready to commit to their home purchase without seeing any major reduction in mortgage rates. There was a small decrease in the 30-year Conforming Fixed Mortgage Rate, landing at 6.84% at the end of February; yet experts continue to agree that mortgage rates are likely to remain close to this mark over the next months to come as the FED continues to keep a watchful eye on inflation and the job market. There was encouraging news from recent stats, showing that although inflation remains over the desired 2% marker; it isn’t continuing to rise as it was in January. Recent job market stats are showing the largest increase of unemployment in the last 5 months and 2 recent surveys on consumer confidence show concern as tariffs are now beginning to be implemented. This lack of predictability is further cause for the FED wanting to hold tight and keep watch, rather than taking any action to change the prime rate in either direction. As for the Bay Area housing market – buyers are ready to make their home purchases and eager to win when there is competition; understanding that, as money becomes less expensive to borrow, their competition will increase – ultimately resulting in even higher sales prices. Winning their homes now with the plan to refinance when rates improve and enjoy the equity gain from their stretch is the current trend and strategy. If you’d like to learn more about the market in your area or if you’re ready to discuss next steps in preparation for your move, whether a seller or buyer; reach out to me at [email protected] | 408-207-3130. We’ll discuss best strategy and steps for your situation; and you can count on my diligent and trustworthy advice as we work together to reach your real estate goals. Sellers - Jump start with Heather’s Strategic Selling Plan: https://www.LangesFreeHomeSellerCours... Buyers - Jump start with Heather’s Strategic Buyer Plan: https://www.LangesFreeHomeBuyerCourse... Buyers – Start looking for your dream home the way Realtor’s do: https://www.LangeHomeSearch.com Know anyone needing help with a Trustee or Probate Sale? Heather's diplomacy and ability to remain impartial when communicating with clients, beneficiaries, attorneys and colleagues, helps to produce smooth and successful probate/trustee sales. https://www.TrusteeSalesWithLange.com | https://www.ProbateWithLange.com #HeatherLangeHomes #SiliconValleyRealEstate #SanJoseRealEstate #SaratogaRealEstate #SantaClaraCountyRealEstate