Vishal Karnik

  The real-estate market trend numbers are available for April 2024. To review the charts used here, you can visit www.vishalkarnik.com New Listings : In the South Bay metro comprising of San Jose-Sunnyvale-Santa Clara in California, the new listings are up 40% YoY in April 2024 and 25% from previous month of March 2024. This in spite of the fact that the interest rates continue to stay high around 7%. Active Listings : The active listings have grown by 25% YoY driven by the increase in new listings. As the real-estate sales cycles are longer, the new listings are driving increase in active listings available on the market. This should give inventory options for the buyers to explore homes that are more likely to find what they are looking for. Median Listing Price : The median listing price has reduced by 4% YoY.  Although this time last year saw a peak in the median listing price, which cooled down for the rest of the year in 2023. If the interest rates continue to stay high...