Silicon Valley –
Our Coldwell Banker Los Altos office reports sales are steady while inventory is increasing. The Almaden office says inventory is decreasing and sales are steady. Similarly, the market is steady in Los Gatos. But well priced homes are still selling – a $2 million dollar home came on the market and sold within two days. Sales continue to be slow and inventory appears to be on the rise, according to our San Jose Main office.
Summer vacations may be drawing to a close and yet agents and clients are becoming more active.
Buyers may be waiting to hear if Congress will be re-instating the first time buyer tax credit, which is a topic of conversation but us realtors are not blessed with a crystal ball.
Open houses this past weekend were slower than normal with minimal traffic thru most.
On a more positive note.. it is the lower than normal interest rates that are helping sales in the upcoming months with more buyers looking and the phones ringing.
It is a great time to buy and so let me know how I can help you further.
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