Santa Clara County Citywise Homes Sales
Number of homes sold was analyzed for 16 cities.
- 13 cities saw a drop in volume compared to corresponding period in Nov 2013.
- 12 cities also saw a drop in volume in Nov 2014 compared to October 2014.
- On the flip side 10 cities saw an increase in volume in Oct 2014 compared to Nov 2013
- Total homes sold in November 2013 was 1198, October 2014 was 1336 and November 2014 was 1027.
- Though we have seen many past months of increasing sales November 2014 was definitely not the same.Since Days on Market reduced and SP/LP% improved compared with last year,the drop can be attributed to lack of inventory.