Single-Family Home Prices: Prices for single-family homes in Silicon Valley have increased year to date, indicating a strong real estate market for this property type.
Condo Prices: While single-family home prices rose, condo prices showed more mixed results. San Mateo and Santa Clara experienced increases, but Santa Cruz saw a decrease in condo prices.
Fourth Quarter Expectations: The expectation is that home prices will remain fairly stable in the fourth quarter.
Active Listings: The number of active listings in Silicon Valley increased from August to September, continuing a nine-month upward trend. This could be a positive sign for the market.
Inventory Levels: Despite the increase in active listings, the Silicon Valley market is still 17% below last year's inventory level, indicating a continued undersupply.
Trending Toward Balance:
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