According to the San Jose Mercury News, Silicon Valley saw a big price jump in April, while sales activity overall has slowed compared to April 2009. Is supply and demand in effect? With less market inventory, will prices continue to climb? Read the recent article to get market views from economists and local real estate agents.
“Santa Clara County posted only a slight gain in home sales last month compared with April 2009, but the median home price jumped 26 percent.
The median price of previously owned single-family houses sold last month was $550,000, up 26.4 percent from $435,000 in April 2009, and flat from March 2010, according to a report Thursday from MDA DataQuick. The median condo price rose 31 percent from last year, to $335,000.”
To read the full article, by Sue McAllister – via MercuryNews.com (Click Here)