SEPTEMBER 2020 MARKET UPDATE
September 2020 Market Update
According to the National Association of Realtors®, existing-home sales continued to increase for the second consecutive month in July 2020. Interest rates according to Freddie Mac, 30-year fixed rates decreased from 3.01% to 2.99%. This rate remains well below the historical average of 8.90%. 
The National Association of Realtors® reported home sales at a seasonally adjusted annual rate of 5.68 million in July, up 20.9% from June and 5.4% above the 5.39 million sales pace from a year ago. 
There was a 3.1-month supply of housing inventory in July 2020 that has decreased since June. The total number of available homes for sale has decreased by 26.2% compared to July of last year.
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Existing-home sales continued to increase for the second consecutive month in July 2020.
As a full-time knowledgeable real estate professional, I have the skillset you need to get your home sold or find a new one.
The California housing market is still holding steady, hitting a new all-time high price per square foot as of August 2021.
My team and I are thrilled for our clients who accepted an amazing offer on their condo in San Jose.
The prime reasons staging has become commonplace is due to consumer demand and the proliferation of online home shopping.
The latest market report is in from December 2021 provided by the California Association of Realtors®️.
We continue to see a slight steady downshift in home sales as we move into the colder months, however, we will likely see our normal Spring increase again in 2022.
Tenacity Realtors. Committed to delivering unmatched results for Sellers and Buyers.