Silicon Valley condos and townhomes selling in record time

MLSListings released its April data for sales in Silicon Valley counties
  • The days on market in Santa Clara and San Mateo counties fell to 14 days in April.
  • Home prices dipped 2 percent annually in April in Santa Clara.
  • Single-family home sales fell in four out of five Silicon Valley counties.

With each passing day, it seems as though homes are selling faster and faster in Silicon Valley. In fact, closing time has nearly been cut in half from January to April in Santa Clara and San Mateo counties, marking a record-breaking month for Silicon Valley real estate.