The real estate landscape in Santa Clara County has shifted, moving from a hot seller’s market to one that favors buyers. This change brings a wave of opportunities for those looking to purchase a home that would have been harder to secure a few months ago.
One of the most notable trends is the increase in inventory. We are seeing the highest levels of available homes since 2022, providing a broader selection for buyers. This surge in inventory means there are more options than ever, allowing buyers to find properties that truly meet their needs and preferences.
Additionally, homes are staying on the market longer than they did just a month ago. The extended days on market indicate a less frenzied pace, giving buyers more time to make thoughtful decisions without the pressure of immediate competition. This shift not only reduces the stress often associated with quick transactions but also increases the likelihood of securing a property under favorable terms.
My Take: For buyers, this is an opportune moment to enter the market. Prices have stabilized, and the increased inventory means the chances of going into contract are higher. With more choices available, buyers can negotiate more effectively and find homes that align with their budget and criteria.
Bottom Line: The current real estate market in Santa Clara County offers promising prospects for buyers. Whether you’re a first-time homebuyer or looking to upgrade, now is a strategic time to make your move.
I’m here if you need anything or have questions about the market!