• The median sales price for a home in our local region (Silicon Valley) was above $3 million for the second consecutive month in October: $3,056,000.
  • Sellers received an average of 106.1 percent of original price, the largest premiums seen over the past year.
  • The months’ supply of inventory was 1.4, down on both a monthly and yearly basis, with homes selling in an average of 21 days.
  • Job growth in expensive regions of the country like the Bay Area may began to slow without an increase in housing inventory.