Interesting Statistics on Single Family Homes in Escrow

Here are the numbers for the week ending 5/10/08.

The following is considered the rule of thumb:

Buyers market if: Less than 25% of the houses in inventory are in Escrow
Sellers market if: 25% or more of the houses in inventory are in Escrow

Class 1= Single Family Homes Only as of 5/10/08:

Zone % of listings in escrow Active # of Listings
1 South County 14.1% 828
2 Santa Teresa 24.9% 139
3 Evergreen 20.5% 438
4 East Valley 16.2% 868
5 North Valley 25.1% 293
6 Milpitas 21.1% 168
8 Santa Clara 23.9% 220
9 Downtown 15.9% 360
10 Willow Glen 19.1% 233
11 South San Jose 16.9% 461
12 Blossom 24.6% 297
13 Almaden 28.6% 100
14 Cambrian 21.6% 207
15 Campbell 24.6% 153
16 Los Gatos 24.8% 155
17 Saratoga 20.9% 106
18 Cupertino 40.8% 100
19 Sunnyvale 32.0% 168

Overall % in escrow (SFR Only) is 20.4%. This percentage is up 3 tenths of a percent from last month.

Total class 1 listings as of 5/10/08 (5363) – 5/12/07 (3348) / Pending 5/10/08 (1375) - 5/12/07 (1106).

Courtesty of Fidelity Title