Sunnyvale, CA Real Estate Market Update - October 2023

Hey there! It's Kevin Peterson, your friendly neighborhood REALTOR®, here with your exciting Sunnyvale real estate market update for October 2023 using September data.

Whether you're a buyer or a seller, you're in for a treat today. So let's dive right in!

First off, let's talk inventory. Currently, we have a mind-blowing 0.8 Months Supply of Inventory. Can you believe it? That's like searching for treasure in a secret cave! And here's the kicker – over the last 12 months, the Months Supply of Inventory has dropped by a whopping 34.43%! The competition is fierce, my friends.

Now, let's talk numbers that will make your eyes sparkle. The List to Sold Price percentage is sitting comfortably at 106.6%. That means sellers are getting top dollar for their homes, and buyers are willing to pay that extra bit to secure their dream home. It's a win-win situation!

But wait, it gets even better! The median days on market is just 9. Yes, you heard it right – 9 days! Homes are flying off the shelves faster than the latest tech gadget. So, if you're a seller, get ready to move quickly. And if you're a buyer, buckle up for a thrilling house-hunting adventure!

Now, let's talk about everyone's favorite topic – the median sold price. Drumroll, please! The median sold price in Sunnyvale, California is an impressive $2,394,444. Cha-ching! This shows the strength and desirability of our city's real estate market. It's a golden opportunity for sellers to maximize their investment and buyers to invest in their dream home.

So, whether you're looking to buy or sell, Sunnyvale is the place to be right now. The market is sizzling, and I'm here to guide you every step of the way. As your trusted REALTOR®, I have the knowledge, experience, and passion to help you achieve your real estate goals.

Don't miss out on this incredible opportunity! Give me a call, shoot me an email, or slide into my DMs. Let's chat about how I can assist you in navigating this exciting market. Together, we'll make your real estate dreams come true.

Thanks for tuning in, Sunnyvale! Until next time, stay positive, stay motivated, and remember, the real estate market is full of endless possibilities. Take care and see you soon!