How’s the residential real estate market in Campbell, CA?  There are always micro-markets to follow, narrowing what’s viewed to neighborhoods, school districts, and price point. But today we’ll take a brief overview of the “big picture” in Campbell’s housing market by looking at statistics related to currently listed homes among houses and condos or townhomes there. (Charts and data by Altos Research, to which I have a subscription and permission to use here.)

Median Price of condominiums and single family homes:

Inventory of houses and condos and townhouses in Campbell:

Days on the market for homes for sale in Campbell:

Overall it is a mixed bag for home sales in this Silicon Valley city: inventory is declining, but days on market are increasing and list prices are not terribly far from flat (rising for homes, falling for condos).

Will there be an optimistic market improvement with the new Obama administration? Will there be the typical surge of spring buyers after the Superbowl? Perhaps. We’ll have to keep watching. Anecdotally, I can say that I’m seeing a lot more activity in the market; the only question is whether the activity will translate into sales.

Tags: Campbell real estate market, condos, houses, housing market, Townhomes

This entry was posted on Wednesday, January 21st, 2009 at 6:53 pm and is filed under Campbell, Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.