09/20/2026
National Cooling vs. Local Reality: What’s Happening in Real Estate Right Now? 🏠📊
Across the country, the summer market showed clear signs of tapping the brakes:
📉 Nationally: Median prices dipped for the second straight month to $429,100, while inventory hit a cycle high of 1.62M homes. Higher mortgage rates (~6.7%) are giving buyers nationwide more leverage and negotiating room for the first time in a while.
But real estate is always hyper-local—and here in Silicon Valley, the story looks very different! 🔥
📍 San Mateo County: Continues to lead the region, with single-family median prices up nearly 8% year-over-year to $2,050,000, and homes selling in an average of just 12 days.
📍 Santa Clara County: Prices hold steady at $1,850,000, with single-family supply remaining tight at 1.6 months (firmly in seller’s market territory).
📍 Santa Cruz County: Saw the biggest speed-up, with homes selling in just 17 days (down from 26 days last year)!
The Takeaway:
While buyers nationally are gaining leverage, single-family buyers locally still need to move fast and come prepared. Meanwhile, condo shoppers in Santa Clara and Santa Cruz Counties have genuine room to negotiate!
Thinking about buying or selling this fall? Message me today to see how these shifting numbers impact your specific neighborhood! 📲✨