September 2021 Market Data Reports
Inventory Stayed Low, Prices Still Rose in September
Home inventory continued to be extremely tight. Compared to September 2020, inventory dropped in all MLSListings counties except for San Benito (-29% in San Mateo, -27% in Santa Clara, -21% in Monterey and -7% in Santa Cruz).
Median days on market (DOM) decreased in San Mateo, Santa Cruz and San Benito counties year-over-year, indicating continued high demand.
Median sale prices continued to climb, as four counties saw year-over-year price gains (+16% in Santa Clara, +13% in San Benito, +12% in Santa Cruz and +8% in San Mateo).
The year-over-year comparison of percent of list price paid in September showed that premiums paid were up in every single county, ranging from 102% of listing price paid in Monterey and San Benito to 108% paid in San Mateo and Santa Clara counties.
Finally, the number of closed sale transactions increased in Santa Clara (up 6%) and San Mateo (up 11%) counties but fell in all other counties versus last September.
For a more in-depth look at the real estate landscape in the five MLSListings counties, download the September 2021 Market Data Reports:
- Single-Family Homes Market Overview
- Condo/Townhouse Market Overview
- Market Snapshot (Year-Over-Year and Month-to-Month)