It's that time again, time to talk about the housing market in the City of Cupertino. This first graph is for single family homes. (detached homes) As you can see from the month end (July 2011) we are seeing ain increase in the amount of homes that are for sale. Last year our peak was June, as this year it has shifted to July. Will we see an increase into August? The number of homes going into contract has decreased and is lower than one year ago. The number of sales is higher than last year, but lower than last month.
This second graph is for condo and townhome ownership. The number of listings is increase y-t-d but still lower than the same time last year. The number of homes going into contract is holding steady and the number of sales is continuing to be rocky.
Still, Cupertino is a great place to buy or sell a home. Call me today, and let my team help you achieve your dreams!