Santa Clara County Housing Market Stats for 9-13-2008

Here are the statistics that will give you an idea of how the market is doing in your area.

The stats are the percentages of the houses that are in escrow compared to the total

number of houses in the market per area.

Here are the numbers for the week ending 9/13/08.
The following is considered the rule of thumb:

Buyers market if: Less than 25% of the houses in inventory are in Escrow

Sellers market if: 25% or more of the houses in inventory are in Escrow

Class 1= Single Family Homes Only as of 9/13/08:

Zone % of listings in escrow Active # of Listings

1 South County 25.8% 687

2 Santa Teresa 30.7% 115

3 Evergreen 27.3% 429

4 East Valley 29.4% 731

5 North Valley 36.8% 253

6 Milpitas 35.7% 126

8 Santa Clara 28.3% 210

9 Downtown 29.0% 313

10 Willow Glen 19.1% 250

11 South San Jose 31.3% 396

12 Blossom 34.2% 239

13 Almaden 18.5% 110

14 Cambrian 34.5% 175

15 Campbell 24.3% 174

16 Los Gatos 17.6% 168

17 Saratoga 18.6% 131

18 Cupertino 29.7% 109

19 Sunnyvale 41.3% 122

INVENTORY CHANGE

FOR THE THIRD QUARTER OF 2008

(AREAS 1 through 23, that is: Gilroy through Sunnyvale)

Class 1 Properties:

Date	Active	Active Percent Change from Previous Week	Pending	Pending Percent Change from Previous Week
6/28/08	5226		1728
7/5/08	5128	Down 1.9%	1709	Down 1.1%
7/12/08	5189	Up 1.2%	1728	Up 1.1 %
7/19/08	5210	Up 0.4%	1756	Up 1.6%
7/26/08	5251	Up 0.8%	1777	Up 1.2%
8/2/08	5136	Down 2.2%	1807	Up 1.7%
8/9/08	5115	Down 0.4%	1895	Up 4.9%
8/16/08	5071	Down 0.9%	1921	Up 1.4%
8/23/08	5043	Down 0.6%	1907	Down 0.7%
8/30/08	4991	Down 1.0%	1864	Down 2.3%
9/6/08	4899	Down 1.8%	1894	Up 1.6%
9/13/08	4817	Down 1.7%	1927	Up 1.7%

Overall Change from 6/28/08 to 9/13/08:

Active:

Down 7.8%

Pending:

Up 11.5%

__________________________________________________________________

Class 2 Properties:

Date	Active	Active Percent Change from Previous Week	Pending	Pending Percent Change from Previous Week
6/28/08	1671		495
7/5/08	1604	Down 4.0%	506	Up 2.2%
7/12/08	1618	Up 0.9%	523	Up 3.6%
7/19/08	1645	Up 1.7%	534	Up 2.1%
7/26/08	1624	Down 1.3%	545	Up 2.1%
8/2/08	1617	Down 0.4%	542	Down 0.6%
8/9/08	1621	Up 0.2%	545	Up 0.6%
8/16/08	1627	Up 0.4%	535	Down 1.8%
8/23/08	1617	Down 0.6%	558	Up 4.3%
8/30/08	1594	Down 1.4%	555	Down 0.5%
9/6/08	1568	Down 1.6%	569	Up 2.5%
9/13/08	1531	Down 2.4%	584	Up 2.6%

Overall Change from 6/28/08 to 9/13/08

Active:

Down 8.4%

Pending:

Up 17.8%