Q3 2025 - Santa Clara County Real Estate Market Report
August 2025 Report with market data through July
RESIDENTIAL REPORTS
July Market Still Affected by Spring's Economic Uncertainty, But Indicators Are Turning Positive & Santa Clara County's AI Boom Continues
As of early August, measures of economic volatility and uncertainty had plunged from the extreme highs of spring, stock markets shrugged off tariff concerns to hit new highs, consumer confidence continued to tick up, and interest rates dropped to their lowest point in 2025. To a large degree, negative macroeconomic conditions took much of the wind out of the sails of the spring and early summer selling seasons in most of the Bay Area (and the nation). Santa Clara County saw some year-over-year cooling from the extremely heated conditions of last year- mostly due to the considerable increase in listings for sale - but bolstered by the AI boom, it continued as one of the strongest markets in the state and the country. Its median house sales price increased again year-over-year, while most other Bay Area counties saw declines.
If improvements in economic indicators continue (and issues like inflation and employment don't drastically deteriorate), and if the dramatic effects of the AI boom on the housing markets of Silicon Valley and San Francisco persist, we should see further positive effects on local market conditions moving deeper into the second half of the year.
All information is deemed reliable but not guaranteed and should be independently reviewed and verified.
Nicholas Theodore Wong
DRE#: CA 02014153
DRE#: NV S.0196630
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