“Limited inventory and high demand was the continuing trend as the summer season ended.”
It’s not unusual to have your friends tell you you paid too much for your home. It is unusual to have your local newspaper tell you you paid too much for your home.
The train keeps a-rollin’, with the median home price in Santa Clara County up almost 20 percent from August 2016, and in San Mateo County up a paltry 10 percent, according to the latest California Association of REALTORS data.
“Sparse housing inventory continues to affect the Northern California market.”
“Stock market growth, increasing home prices in all ranges, low unemployment and new jobs created across the country are encouraging homebuyers to jump into the real estate market.”
“The month of May saw a strong seller’s market and the pattern has continued into the summer months.”
REALTOR.com’s June Top 20 list of national housing markets confirms that affordable housing alternatives to pricey core Bay Area communities still see extremely strong demand.