How’s the Los Gatos real estate market? The answer depends on if you’re a buyer or seller and what type of home you are dealing with.

The condo market had become a severe buyers market, but that is now lessening and the current months of inventory is a mild 6.33 for September (the National Association of Realtors views a 6 month supply a balanced market, with more being a buyers market and less being a sellers market).

The single family home market in Los Gatos is doing the exact opposite, though. It had been somewhere in the range of a balanced market to a sellers market (again, depending on lots of things such as the quartile - entry level vs luxury home, condition, how aggressively the home was priced, etc.).

For more detailed information, see a post of mine on my Live in Los Gatos blog:Los Gatos Single Family Home Absorption Rates and Market Conditions plus Condos and Townhomes in Los Gatos: Market Update . Finally, see also my Real Estate Report, where you’ll find an interactive report on all the cities and towns in the county.

Tags: Absorption Rate, Los Gatos, Market Reports, Real estate

This entry was posted on Wednesday, October 8th, 2008 at 9:46 am and is filed under Los Gatos, Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.