Single family homes--
Active listings: 136
Pending sales: 53
Closed in last 7 days: 1
Condo/Town homes--
Active listings: 81
Pending Sales: 21
Closed in last week: 0
What does this mean?
The market has a lot of inventory, so there are plenty of choices for buyers interested in Sunnyvale. However, the ratio of pending sales to active listings is not too bad--1 to 4 for condos, and less than 1 to 3 for single family homes. These numbers are better than the ratios in Palo Alto. It is a very good example of how the lower end of the market is more active than the upper end, as jumbo loans are more difficult to get and a lot more expensive than conforming loans.
Sunnyvale is a wonderful city that I have a lot of experience with--if you have any questions about the area or the market, please contact me!
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