The Silicon Valley real estate market is experiencing a “V-shape” recovery. The chart above shows the 4-week trailing average for listings going into contract for Santa Clara county. Our current 4-week average is the same as this time last year!
The supply of New Listings for single family residences in Silicon Valley declined by 24% during the first five months of 2020. This is primarily due to shelter-in-place orders put in place in mid-March. If this were to continue through
Public health orders related to real estate activities started with real estate being deemed not an essential business in March to an essential business with significant restrictions in April. These orders and the overall shelter-in-place orders have resulted in a