Why Are Homes Taking Longer to Sell? | Silicon Valley July 2024 Market Update

Welcome to our Monthly Market Update for Santa Clara County!
At a glance, in this video I cover...
Market Metrics:
- List-to-Sold Price Percentage: Homes are selling at 106.2% of their list price as of June.
- Average Days on Market: Homes are averaging 16 days on the market. Although homes are taking a bit longer to sell during these summer months, this lull likely won't last for long.
Hot Topics in Real Estate:
- San Jose High Rise Legal Controversy
- Tiny Cupertino Home Sale
- Russian Hill House Shock
And some new mortgage loan and funding programs for buyers to be aware of.
Thank you for being a part of our UPLIFT community. If you have any questions or need personalized advice, feel free to reach out. And remember, I truly appreciate your referrals - if you know someone thinking about buying or selling, or just has real estate questions, send them my way!
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Website: homesbylolo.com
Phone: [phone]
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