Relists, Mortgage Rates, and Santa Clara County Market Snapshot | Los Gatos House of the Week

The script explains why homes are commonly delisted and re-listed after a weaker market, noting sellers often hold firm on price and wait for conditions to improve after last year’s plateau and slight contraction as rates rose. It cites 45,000 U.S. homes that were delisted and re-listed in January and discusses recent mortgage-rate movement around 5.99% and the importance of focusing on monthly cost rather than the rate alone, including buying down rates. It highlights San Jose’s high share of relists following the 2021 price surge and suggests 2024 may be a normalization year. 

Relistings Jump as Home Sellers Bet on Stronger Spring Market

PROBATE AND ESTATE SALES

How your Home will be Marketed

Los Gatos Home of the Week

Santa Clara County Price Reductions

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00:00 Why Relists Happen

00:40 Last Year Market Plateau

00:59 Relist Stats and Timing

01:30 Mortgage Rates and Buydowns

02:23 San Jose Relist Hotspot

02:57 Los Gatos House of Week

04:56 My New Listing Spotlight

06:07 Inventory Charts Update

06:38 Wrap Up and Sign Off