Mountain View Market Update, Jan 9th: Single Family Homes

As of this evening this is a snapshot of the Mountain View single family home market:

63 active listings

10 pending sales 

2 closed sales in the last week

What does this mean? We are probably at the bottom of inventory for a while. The number of homes for sale should increase over the next few months, whether the market is good or bad. Things to watch: is the inventory of homes over 80 active listings? How are the pending sales going? Even if the active sales stay under 70, if the pending sales do not go up to at least 3 active for every pending listing we will see some more price decreases. If we can get up to 3 to 1 we won't see much change in prices. If we go better than 3 to 1 we will see appreciation. 

If you are interested in finding the final selling price of any home, anywhere, you can do it on my website. Click here to go to my website. Once there, click on Cyberhome Home Valuation. You can then type in any address and get the county records.

If you need anything else please, feel free to contact me. I am here to help you!