February Market Update: What Buyers & Sellers Need to Know

The real estate market is gaining momentum as we move into spring, historically the busiest and most competitive season of the year. Despite economic uncertainty, home prices continue to climb, inventory is rising, and buyers are actively competing for properties.

Here’s what’s happening in Santa Clara and San Mateo Counties:

Santa Clara County

• Home prices have increased 9.5% year-over-year, expected to peak in spring.

• Inventory has grown 31% year-over-year (57% houses, 29% condos, 14% townhouses).

• Homes have been selling for 3% over asking price on average.

San Mateo County

• Home prices are up 7.5% year-over-year, likely to rise further in spring.

• Listings have increased 15% year-over-year.

• Homes have been selling for 1% over asking price on average.

What This Means for Sellers & Buyers

🔹 Sellers: With rising prices and increased demand, this is a great time to list. Spring traditionally sees the highest home prices and the most competitive buyers. Selling now could maximize your returns.

🔹 Buyers: More inventory means more options, but prices are expected to keep climbing.

Acting sooner rather than later can help you secure a home before competition intensifies further.

The market is moving—are you ready to make your next move? Let’s discuss your buying or selling strategy today!