Home Buying in San Jose>Question Details

Sam Shueh, Real Estate Pro in Cupertino, CA

Where are the home sellers?

Asked by Sam Shueh, Cupertino, CA Mon Apr 23, 2012

SJ
TOTAL Active
total_sfh condo Total
12-Jan-09 1652 816 2628
May 7,10
May 17,10 2309 1125 3629
June 1,10 1352 620 2693
June 14,10 1391 641 2752
June 21,10 1424 647 2744
July 26,10 1647 712 2868
Aug 16,10 1737 737 3207
Sept 18,10 1777 820 3344
Sept 24,10 1798 834 3396
Oct 17,10 1710 830 3285
Nov 1,10 1637 809 3181
Nov 11,10 1660 800 3199
Nov 22,10 1575 780 3036
Dec 18,10 1432 754 2888
Jan 4-11 1255 706 2517
Jan-16-11 1309 718 2599
Feb 4-11 1272 702 2556
Apr-10-11 1286 664 2548
May-10-11 1366 636 1619
July1-11 1387 557 2514
July 25-11 1333 556 2512
Sep 15-11 1277 487 2389
Oct 14-11 1166 467 2210
Nov 21-11 989 399 1388
Dec16-11 857 355 1212
Mar 17,12 676 240 916
23-Apr-12 607 219 815

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Answers

7
Samuel;
I
think
you
should
be
blogging
this.
2 votes Thank Flag Link Tue Apr 24, 2012
It would be better as a blog. But I KNOW! Our inventory is so low.

Phil, u r funny.
Web Reference: http://www.terrivellios.com
1 vote Thank Flag Link Tue Apr 24, 2012
sorry hard to read, 1st column is single family homes (active on MLS), 2nd is condo/town homes
last is total inventory......

Keep in mind some homes on the market for a few days already got someone in mind,

Sam Shueh
Keller Williams
1 vote Thank Flag Link Mon Apr 23, 2012
Thank you, Mr. Shueh:

Yes. The rebounding economy is bringing people who want to buy Real Estate out in droves.

We have pent up demand from several years where people were sitting on the sidelines waiting for prices to go down some more.

Now that prices are headed back up, people are jumping in from the sidelines to get a house before they get left behind.

The result is that the huge inventory of homes that we have had for the past several years is being sold off rapidly. We now have a shortage of homes instead of the huge surplus of homes that we have had for the past few years.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
0 votes Thank Flag Link Wed Apr 25, 2012
Inventory levels across the nation are lower than normal...When you combine that with low prices and high Buyer demand, lower inventory levels are the only logical outcome...
0 votes Thank Flag Link Tue Apr 24, 2012
It may be frustrating for buyers and their agents.

However, it is a good sign that the strong demand is helping lifting the ailing industry such home owners will start considering selling their homes. Many relocation home owners have not unload their old homes relying on tenants to occupy their previous principle homes.

This should be a temporary glitch.
0 votes Thank Flag Link Tue Apr 24, 2012
Inventory levels in Southern CA are also very low. Well priced homes are selling in days with multiple offers over asking price. Most properties are appraising. Buyer demand remains strong.
Hopefully this continues.
Good luck,
0 votes Thank Flag Link Tue Apr 24, 2012
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