Statistics Don't (Usually) Lie

I send a quarterly "Housing Inventory Snapshot" to a list of clients and potential clients who sign into my website.
Patrick, one of the recipients, just emailed to ask if I had comparative prices for years 2005 and 2006, and the percentage increase.
The figures for July 31, 2007 in Santa Clara County were:
Single Family under $1 Million: Average list price, $702,476
Median list price, $682,000
Days on market 59
Single family over $1 million Average list price, $2,012,892
Median list price, $1,549,999
Days on market 68
Condo/Townhome under $600K Average list price, $441,335
Median list price, $430,888
Days on market 60
Condo/Townhome over $600K Average list price $722,296
Median list price, $675,000
Days on market 43

My statistics don't go back to 2005, but I can do an interesting comparison between this time a year ago and the present.

In July of 2006, there were 3364 single family homes on the market in S. C. County
They took an average of 40 days to sell, and sold for an average of 99.6% of listed price. Condos and townhomes numbered 1170, took an average of 37 days to sell, and sold for 100% of the listed price, on average.

At the same time in 2007, there were 4050 single family homes for sale. They took and average of 40 days to sell, and they sold for an average of 99.3% of listed price. Condos/townhomes numbered 1396, and sold for an average of 98.1% of list after 36 days on the market. Not bad for a so-called slow real estate season!

As I have often said, our Cupertino/Sunnyvale area shows much better numbers, and we continue to see multiple offers, often in the first week on the market.