Silicon Valley’s Housing Inventory Surged in July

 

  • Inventory grew by 44 percent in the San Jose metropolitan area year over year in July, the largest gain in the country.
  • Supply rose by 10 percent in San Francisco on an annual basis while dipping by 1 percent in Los Angeles.
  • San Jose and San Francisco remain the nation’s most expensive housing markets, with respective June median list prices of $1,205,000 and $940,000.

 

 

Family looking at house for sale – Pacific UnionExpensive housing markets across the U.S. — including those in California — posted much-needed supply gains in July, though prices are showing no signs of cooling.



San Francisco posted a more modest year-over-year inventory increase of 10 percent. San Francisco is both the nation’s second most expensive and fast-paced housing market, with a median sales price of $940,000 and homes leaving the market in 29 days. Read more on the @bethanywpatten

#economy #realestate #housing #inventory #July #SiliconValley #sanfrancisco #PacUnion #bethanywpatten

 

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