The summer is over and kids are back to school.
How did the real estate market do this summer and how it is changing now?
According to the date from MLSListing, in Cuppertino area, average number of days to sell single family homes in November and December 2010 were 66 days and 78 days. That number improved significantly to 24 days in February of 2011, up to June, the number was 20-34. In July and August, the average number of days to sell increased to 44 and 45.
Here is the number of listings and closed sales / month for the last 12 months.
| Month | New Listings, Number of | Closed Sales, Number of |
| Sep-10 | 66 | 55 |
| Oct-10 | 46 | 43 |
| Nov-10 | 28 | 45 |
| Dec-10 | 22 | 41 |
| Jan-11 | 39 | 20 |
| Feb-11 | 73 | 32 |
| Mar-11 | 80 | 51 |
| Apr-11 | 79 | 55 |
| May-11 | 95 | 61 |
| Jun-11 | 88 | 68 |
| Jul-11 | 86 | 55 |
| Aug-11 | 75 | 44 |
Now, it is less competitive to buy houses in Cupertino compared to a few months ago, and the interest rate is low. It is a great time for buyers!