As of February 7, 2006, the inventory in Santa Clara County for single family homes is up to 1,919 and condo/townhomes is up to 661 units. This is up 250 homes and 70 condo/townhomes from January 3rd.
Our inventory levels are now just under 2-times the amount of inventory this time last year. Our current level of inventory is similar to the amount of homes and condo/townhomes that were for sale in the summer of 2005.
We expect inventory to increase as we head into the summer and buying activity has picked up substantially from November of 2005.
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