Inventory continues to climb since January 2006. The latest inventory number for Santa Clara County's Single Family Homes is 5092 and 1793 active Condominiums and Townhomes. The good news is that the number of pending homes is slowly climbing but still not enough to clear out the backlog of inventory. Buyers are slowly moving into the market but there is no clear indication that the worst is over yet. If you are a Buyer, I do suggest that you continue to keep an eye out for great deals and motivated Sellers. There does seem to be some buffer still based upon the numbers.
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