Santa Clara single family home inventory dipped below 90 homes this week, the first time since April of 2007. Sales are 25% up from last year and the number of new listings have not been able to keep up with the rate of sales. This has resulted in lower inventory and multiple offer situations and some price appreciation. Total home sales this year so far are 561 homes compared with last year around this time of just 457 homes, which is approximately a 23% increase over last year. Here is a quick look at what has been happening in August sales compared to last year’s August numbers. Week Santa Clara Week Santa Clara Of Active Pending* Of Active Pending* 8/17/09 87 13 8/18/08 219 19 8/10/09 92 16 8/11/08 220 12 8/3/09 95 20 8/4/08 217 13 7/27/09 103 21 7/28/08 221 12 7/20/09 103 25 7/21/...
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