Silicon Valley Market Update | Holiday Week Insights

The monthly year-over-year inflation rate continued to decline, as well as average weekly interest rates (slightly), but stock markets remained low.

Please see the graphs below and feel free to reach out if you would like to know more about how this is impacting the real estate market and your real estate plans.

- David Kim

Mortgage rate chart, 2016–2022, showing a sharp 2022 rise and December 15 rates of 6.31% and 5.54%.

Mortgage rate history chart, 1976–2022, with rates peaking near 18% in 1981 and reaching 6.31% in December 2022.

Chart of U.S. inflation, rising to 9% in June 2022 before falling to 7.1% in November.

Chart of federal funds rates from 1981 to 2022, annotated with economic booms, recessions, and Federal Reserve interventions.

Chart of Bay Area home sales volume from 2005 to 2022, with a sharp pandemic-era surge and subsequent decline.

Chart of U.S. consumer price inflation from 1982 to 2022, with a sharp rise in 2021–2022.

Inventory trends by county

There aren’t many homeowners that need to sell as a lot of homeowners have built their equity and have very low-interest rates. Look at the charts to see how many active listings and sold listings we have in Santa Clara County and San Mateo County.

Santa Clara County

San Mateo County

Happy Holidays!

Three real estate agents pose beneath a festive garland in a modern kitchen.

Our team would like to take this moment to wish you all a happy holiday season and to thank you.

We sincerely appreciate the support you've shown to our business and we look forward to serving you further in the coming year.

Have a safe and joyful holiday!

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Silicon Valley Market Update for Holiday Week