We track inventory every week and it's interesting to compare the number of pending transactions for the same timeframe in years past. Take a look! Buyers are definitely jumping in the market here in the South Bay. Are we close to the bottom?
Santa Clara County Total Pending Transactions: Includes Single Family and Condos
(stats from the 3rd week of January from each year)
2009: 2098 units
2008: 763 units
2007: 1249 units
2006: 1373 units
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