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Peninsula home sales drop by nearly half in April compared to last year

Original post made on May 25, 2023

Increased mortgage rates combined with an inventory shortage caused a significant drop in home sales statewide and along the Peninsula in April, according to a new report from the California Association of Realtors.

Read the full story here Web Link posted Wednesday, May 24, 2023, 2:54 PM

Comments (1)

Posted by Steven Goldstein
a resident of Old Mountain View
on May 25, 2023 at 11:02 pm
Steven Goldstein is a registered user.

About time this is getting recognized by Mountain View.

I have been in a building that was sold for $4M but was bought in 2016 for $5M, a drop of 20% of value.

And I have seen many new foreclosed listings and more homes for sale too in the city.

Time to get adjusted.

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