Market data on Single Family Homes in Santa Clara County
![Closed-Sales-SantaClaraCountyCA-May-2015 Closed-Sales-SantaClaraCountyCA-May-2015](http://danielpizano.com/wp-content/uploads/2015/06/Closed-Sales-SantaClaraCountyCA-May-2015-e1434669224886.png)
Home Sales in Santa Clara County
Data from MLS Listings show the number of single family homes sold from April 2015 to May 2015 went down 6% in Santa Clara County. This is significant, especially during a time in when the spring is here and buyers are out in full force. Or are they? Home sales are slowing down in Santa Clara County this year.
![Single-Family-Homes-May-2015-vs-April-2015 Single-Family-Homes-May-2015-vs-April-2015](http://danielpizano.com/wp-content/uploads/2015/06/Single-Family-Homes-May-2015-vs-April-2015-e1434667201325.png)
This slowdown may be a knee jerk reaction of buyers pulling back a bit due to any number of factors including interest rate fluctuations, high home prices, the economy, and lack of inventory. Either way, it’s a pull back and the sellers should take notice. The market will shift at some point. It’s important that we notice when there is a slow down in sales from month to month especially when inventory has gone up 32% from last year and 3% from April 2015 to May 2015. Perhaps the price increases have bumped some would-be buyers out of the market.
Sooner or later the price increases will be more than the average buyers can afford. Prices have gone up quite a bit from last year. In fact, the median price in Santa Clara County for Single Family Home went up 12% from May 2014 to May 2015. Affordability is becoming a very important factor in Santa Clara County.
![Single-Family-Homes-May-2015-vs-May-2014 Single-Family-Homes-May-2015-vs-May-2014](http://danielpizano.com/wp-content/uploads/2015/06/Single-Family-Homes-May-2015-vs-May-2014-e1434667056440.png)