Market Stats For the week of 11/29/08

Tue, 30 Nov 1999 07:00:00 +0000

Here are the numbers for the week ending 11/29/08.
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 11/29/08:

Zone % of listings in escrow Active # of Listings

1 South County 25.3% 634

2 Santa Teresa 34.8% 101

3 Evergreen 32.4% 376

4 East Valley 33.8% 636

5 North Valley 32.3% 237

6 Milpitas 34.2% 121

8 Santa Clara 26.7% 187

9 Downtown 29.0% 262

10 Willow Glen 15.2% 245

11 South San Jose 30.3% 372

12 Blossom 31.5% 224

13 Almaden 18.3% 094

14 Cambrian 26.5% 177

15 Campbell 22.7% 167

16 Los Gatos 13.8% 188

17 Saratoga 6.4% 131

18 Cupertino 20.4% 117

19 Sunnyvale 23.9% 150

INVENTORY CHANGE

FOR THE FOURTH 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
9/27/08	4804		1893
10/4/08	4704	Down 2.1%	1851	Down 2.2%
10/11/08	4775	Up 1.5%	1813	Down 2.1%
10/18/08	4737	Down 0.8%	1814	Almost the same
10/25/08	4770	Up 0.7%	1792	Down 1.2%
11/2/08	4702	Down 1.4%	1718	Down 4.1%
11/8/08	4669	Down 0.7%	1683	Down 2.0%
11/15/08	4606	Down 1.3%	1714	Up 1.8%
11/22/08	4527	Down 1.7%	1717	Up 0.2%
11/29/08	4455	Down 1.6%	1674	Down 2.5%

Overall Change from 9/27/08 to 11/29/08:

Active:

Down 7.3%

Pending:

Down 11.6%

________________________________________________________________________

Class 2 Properties:

Date	Active	Active Percent Change from Previous Week	Pending	Pending Percent Change from Previous Week
9/27/08	1526		587
10/4/08	1510	Down 1.0%	559	Down 4.8%
10/11/08	1531	Up 1.4%	550	Down 1.6%
10/18/08	1531	No Change	534	Down 2.9%
10/25/08	1530	Almost the same	508	Down 4.9%
11/2/08	1488	Down 2.7%	499	Down 1.8%
11/8/08	1499	Up 0.7%	489	Down 2.0%
11/15/08	1489	Down 0.7%	493	Up 0.8%
11/22/08	1473	Down 1.1%	481	Down 2.4%
11/29/08	1457	Down 1.1%	479	Down 0.4%

Overall Change from 9/27/08 to 11/29/08

Active:

Down 4.5%

Pending:

Down 18.4%

Michael Roberts' Blog -San Jose Homes, Real Estate and Houses for Sale » 2008 » December