2022 Market Insights

Market Highlights
  • We’re at historic lows for inventory in Santa Clara County. There aren’t enough homes on the market for buyers. 
  • Bay Area homes sold for 12.5% more than this time last year and went off the market in 15 days, twice as fast as last year.
  • The number of homes for sale declined by 40% year over year.
Our Take
  • Anticipate more competition than usual for winter
  • Likely no significant increase in inventory until the second half of 2022
  • Rates are expected to increase in a few months, now is the time to lock in a low rate 
  • Peak period to start preparing your home to sell
Source: MLSListings
Source: MLSListings
December 2021
Source: SCCAOR
November 2021
Source: SCCAOR