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.
“The real estate market in Northern California is seeing varying activity depending on the counties, cities, neighborhoods and homes.”
This month I wax nostalgic, then prophetic but not apocalyptic but not euphoric either.