The Peninsula real estate market for November 2015 is staying strong through the winter and holiday months. Months supply of inventory is at 6.8 months Median sold price over the past 12 months is $174,900 Average market time is 93.9 days Percentage of sold price to list price remains consistent at 97.8% Closed sales up 8%! If you […]
The Peninsula real estate market for October 2015 is continuing to show signs of improvement. Months supply of inventory is at 6.9 months Median sold price over the past 12 months has slightly improved to $174,900 Average market time is 90 days Percentage of sold price to list price remains consistent at 97.66% Closed sales way up at […]
Highlights from NAR’s 2014 Profile of Home Buyers and Sellers: 33% of recent home buyers were first time buyers, which is still suppressed from the historical norm of 40% among primary residence buyers. For 43% of home buyers, the first step in the home-buying process was looking online for properties. 12% of home buyers first […]