Sunnyvale Market Update – August 2019

    Sunnyvale’s market update is in!

    • Active listings in July 2019 have decreased 17% year over year and 28% month over month. If you waited to buy, this means you’ll have a smaller inventory to choose from.
    • The median listing price was $1.46M for the month of July, which is slightly lower than a year ago.
    • The average number of days a home was listed on the market for in July was 20, which is a 25% increase from July 2018. This shows a slowdown in the local inventory turnover rate.
    • July’s median sales price has decreased from just a month ago, with the average being $1.48M.
    • There were 61 units sold in July 2019, which is a decrease from the 86 sold last month and in July 2018. With few sales, buyers now how the opportunity to negotiate better terms.

    If you’re looking for up-to-date data on your area, give me a call at (408) 459-8881.

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