As we head into May, I want to give you a rundown of what our real estate market saw in April. After we went limping into the month on the heels of a global pandemic, we ended it on a high note as people adjusted to the new normal. Mortgage applications are up across the board, interest rates remain low, and much of the country is still in a seller’s market. This is especially true here in Santa Clara County, where certain trends that stood out negatively last month are regressing to the mean. To learn more about what’s going on, watch this short video.
▷ Click image to view the video
Learn more: https://www.sophierealestate.com/blog/2020-Silicon-Valley-Real-estate/
Silicon Valley Real Estate Market Update in April After one month and half in lock down (shelter-in-place).
Zillow Online Buyer Traffic Increases
Redfin Online Buyer Traffic Increases
Sellers Stay Firm on Prices
Notes from Chief Economist of NAR on his view of real estate market
Changes/Adaption to New Normal
New Way to Sell Houses
Mortgage Applications for Purchase Increase
Changes of Lender Guidelines Stable Price in Bay Area
Santa Clara County Sales Price to List Price Ratio
Santa Clara County withdraw, cancel and new listings
Santa Clara County Listings Transaction Fell Through
Examples of Santa Clara Sales in April
April Silicon Valley Real Estate Market Update Summary
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Sophie Shen Real Estate Team
sophierealestate.com
CalBRE#:01837259
NMLS#312283
