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Santa Clara Real Estate in July: Sales Up 29% YoY, Inventory Down 7% YoY


by Calculated Risk on 8/13/2021 01:04:00 PM

I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

From the Santa Clara Realtors (includes San Jose):

Closed sales (single family and condos) in July 2021 were 1,783, up 29.4% from 1,378.
in July 2020.

Active Listings in July 2021 were 1,820, down 6.7% from 1,9501 in July 2020. (1estimate)

Inventory in July was up 3.0% from the previous month, and up 58.4% from the record low in December 2020.

Early Q3 GDP Forecasts: Around 6% to 7% with "Significant downside risk"

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