The inventory of available homes to buy is painfully low throughout San Jose, Santa Clara County, and Silicon Valley. Here’s a view of San Jose’s real estate listings inventory over the last few years: it gives a good idea of how far out of balance the supply and demand formula is.    The amount of inventory normally is lowest in December and January, and it usually begins to rise by the middle of February.  In the chart below, you can see a marked point downward at around the 1st of each year.  In recent years, though, that’s not the only time when it dips to the low side.  Also it should be noted that we have seen lower inventory in the last few years – just not during this season.

If we step back and consider all of Santa Clara County instead, the pattern looks much the same.

And finally, inventory for the whole San Francisco Bay Area – again, the same pattern, so we can see that this very likely applies to San Mateo County as well:

Most years, the last quarter sees primarily declining inventory overall, as these charts bear out.  In my real estate practice, I have noticed that more listings do come on the market in September and October – but home buyers scoop them up, perhaps wanting to be in their new home either for the holidays or perhaps before the end of the year for tax reasons.   So they tend to sell faster than they go on the market, making the overall inventory shrink even as new listings come on the market.  This makes it a great time to sell…and continuing to make it a challenging time to buy.

To circle back to the original question, then: when will inventory improve for home buyers?  If the pattern continues, probably not until March or April, or perhaps later in 2015 – if then.  Should hiring in Silicon Valley continue at the current pace, the demand will continue to outstrip supply.  So shop now – and be prepared to move fast if you find the right property!

  1. 5 beds, 3 full baths
    Home size: 2,537 sq ft
    Lot size: 8,015 sqft
  2. 4 beds, 3 full baths
    Home size: 2,311 sq ft
    Lot size: 8,276 sqft
  3. 4 beds, 2 full, 1 half baths
    Home size: 2,354 sq ft
    Lot size: 8,015 sqft
  4. 2 beds, 2 full baths
    Home size: 922 sq ft
    Lot size: 1,219 sqft
  5. 3 beds, 2 full baths
    Home size: 1,125 sq ft
    Lot size: 6,141 sqft
  6. 3 beds, 2 full baths
    Home size: 1,834 sq ft
    Lot size: 10,410 sqft
  7. 3 beds, 1 full bath
    Home size: 1,108 sq ft
    Lot size: 10,236 sqft
  8. 5 beds, 4 full baths
    Home size: 2,194 sq ft
    Lot size: 8,973 sqft
  9. 4 beds, 2 full baths
    Home size: 2,010 sq ft
    Lot size: 6,011 sqft
  10. 3 beds, 1 full bath
    Home size: 1,056 sq ft
    Lot size: 5,096 sqft

See all Real estate in the city of San Jose.
(all data current as of 5/25/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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Mary Pope-Handy
Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
License# 01153805


Selling homes in
Silicon Valley:
Santa Clara County,
San Mateo County, and
Santa Cruz County.
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Special focus on:
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Saratoga, Campbell,
Almaden Valley,
Cambrian Park.
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Santa Clara County Real Estate,
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2009: Sellsius list of top
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Mary Pope-Handy's Live in Los Gatos blog won the 2007 Project Blogger contest, sponsored by Inman News and Active Rain

2007: Mary Pope-Handy and Frances Flynn Thorsen win the Project Blogger Contest for Mary's Live in Los Gatos blog. The contest was sponsored by
Active Rain and Inman News.


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Best real estate agent in Silicon Valley from the San Jose Mercury News poll of readers in 2011
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2011 readers' poll,
San Jose Mercury News

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