Autumn markets in counties around the Bay Area have seen considerable shifts, but with wide variance in the magnitude of these changes between counties. So far, Santa Clara County has seen some of the most dramatic changes in conditions and trends, especially as compared to the feverishly competitive, high-demand, low-inventory market that existed in 2017 through spring 2018. However, median sales prices remain significantly higher on a year-over-year basis.
Many standard statistics are lagging indicators and take time to reflect changes on the ground. They will bear careful watching in coming months.