Quarterly Market Report
Q3 2023 | SANTA CLARA COUNTY, CA
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Gena Kraft
Office: (408) 315-3874
Cell: (408) 315-3874
gkraft@intero.com

SANTA CLARA COUNTY, CA
MARKET OVERVIEW
Q3 2023 | Single Family
Market Quarter Year to Date
Summary Q3 2023 Q3 2022 % Change YTD 2023 YTD 2022 % Change
New Listings 2271 2720 -16.51%  6640 9424 -29.54% 
Sold Listings 1853 2226 -16.76%  5254 6992 -24.86% 
Median List Price (Solds) $1,699,999 $1,677,500 1.34%  $1,685,000 $1,650,000 2.12% 
Median Sold Price $1,800,000 $1,660,000 8.43%  $1,735,000 $1,800,000 -3.61% 
Median Days on Market 35 41 -14.63%  35 35 0% 
Average List Price (Solds) $2,061,156 $2,000,836 3.01%  $2,021,838 $1,988,502 1.68% 
Average Sold Price $2,152,716 $2,001,342 7.56%  $2,088,475 $2,155,264 -3.1% 
Average Days on Market 40 47 -14.89%  43 37 16.22% 
List/Sold Price Ratio 105.5% 100.4% 5.08%  104.3% 109.5% -4.69% 
LISTING INVENTORY AND NUMBER OF SALES
Q3 2023 | Single Family
Quarterly inventory of properties for sale along with number of sales

SANTA CLARA COUNTY, CA
MEDIAN SALES PRICE AND NUMBER OF SALES
Q3 2023 | Single Family
Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
Q3 2023 | Single Family
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.

SANTA CLARA COUNTY, CA
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM
Q3 2023 | Single Family
Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Days on Market | Average days on market for all properties sold.
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
Q3 2023 | Single Family
Average Sales Price | Average sales price for all properties sold.
Properties for Sale | Number of properties listed for sale at the end of quarter.

SANTA CLARA COUNTY, CA
PROPERTIES FOR SALE AND SOLD PROPERTIES
Q3 2023 | Single Family
Properties for Sale | Number of properties listed for sale at the end of quarter.
Sold Properties | Number of properties sold.
MONTHS SUPPLY OF INVENTORY
Q3 2023 | Single Family
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

SANTA CLARA COUNTY, CA
MEDIAN SALE PRICE
Q3 2023 | Single Family
Price of the "middle" property sold -an equal number of sales were above and below this price
MEDIAN SALE PRICE AND UNITS SOLD
Q3 2023 | Single Family
Median Sale Price vs. Number of Sold Properties each Year ** Sold Properties for current year are annualized based on actual sales year-to-date

SANTA CLARA COUNTY, CA
MARKET OVERVIEW
Q3 2023 | Condo
Market Quarter Year to Date
Summary Q3 2023 Q3 2022 % Change YTD 2023 YTD 2022 % Change
New Listings 1137 1132 0.44%  3024 4475 -32.42% 
Sold Listings 825 993 -16.92%  2276 3534 -35.6% 
Median List Price (Solds) $948,000 $925,000 2.49%  $930,000 $899,900 3.34% 
Median Sold Price $968,000 $920,000 5.22%  $955,000 $981,900 -2.74% 
Median Days on Market 31 38 -18.42%  33 31 6.45% 
Average List Price (Solds) $1,020,215 $1,003,117 1.7%  $1,006,716 $987,679 1.93% 
Average Sold Price $1,050,743 $1,009,073 4.13%  $1,032,062 $1,058,869 -2.53% 
Average Days on Market 36 41 -12.2%  39 32 21.88% 
List/Sold Price Ratio 103% 100.6% 2.44%  102.5% 106.9% -4.09% 
LISTING INVENTORY AND NUMBER OF SALES
Q3 2023 | Condo
Quarterly inventory of properties for sale along with number of sales

SANTA CLARA COUNTY, CA
MEDIAN SALES PRICE AND NUMBER OF SALES
Q3 2023 | Condo
Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
Q3 2023 | Condo
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.

SANTA CLARA COUNTY, CA
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM
Q3 2023 | Condo
Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Days on Market | Average days on market for all properties sold.
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
Q3 2023 | Condo
Average Sales Price | Average sales price for all properties sold.
Properties for Sale | Number of properties listed for sale at the end of quarter.

SANTA CLARA COUNTY, CA
PROPERTIES FOR SALE AND SOLD PROPERTIES
Q3 2023 | Condo
Properties for Sale | Number of properties listed for sale at the end of quarter.
Sold Properties | Number of properties sold.
MONTHS SUPPLY OF INVENTORY
Q3 2023 | Condo
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

SANTA CLARA COUNTY, CA
MEDIAN SALE PRICE
Q3 2023 | Condo
Price of the "middle" property sold -an equal number of sales were above and below this price
MEDIAN SALE PRICE AND UNITS SOLD
Q3 2023 | Condo
Median Sale Price vs. Number of Sold Properties each Year ** Sold Properties for current year are annualized based on actual sales year-to-date

The statistics presented in the Quarterly Market Report are compiled based on figures and data generated by IDC Global and Datafloat for the benefit of Intero Real Estate. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Data maintained by the MLSs may not reflect all real estate activity in the market. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright ©2023 Intero Real Estate.
Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.