Santa Clara County SP/LP%
- 12 out of 16 cities evaluated had sales closings at over asking price in Nov 2014.
- The situation was similar in Nov 2013 with 10 out of 16 cities havings sales over asking.
- The average SP/LP % ( Sales Price/List Price %) in Nov 2013 was 101.91% and average SP/LP% in Nov 2014 was 103.31%.
- Overall: Buyers have consistently offered over asking price to get their offers accepted.Increasing SP/LP% generally indicate inventory lagging demand.