June 2026 Market Update— Santa Clara County

Inventory is climbing across Santa Clara County, but the best homes are still drawing crowds. A San Francisco listing at $ 2.5 M just closed at $3.8M — 52% over asking. The Bay Area isn't one market; it's dozens of micro-markets, each moving on its own logic.

The numbers that matter

In the final week of May, Santa Clara County had 2,795 active listings and 286 closed sales. Supply is rising while demand softens — negotiating leverage is quietly returning to buyers. Across the Bay Area, the median price hit an all-time high of $1.7M, up 14.4% year over year, with homes selling in a median of 21 days.

Rates remain the constraint: 6.53% on the 30-year fixed, with meaningful cuts unlikely in the near term.

Where the opportunity is

New construction. Nationally, builders are sitting on 9.4 months of supply — a multi-year high — and are actively cutting prices and offering incentives. If new build is on your list, this is a good moment to negotiate.

My take

Don't be fooled by headline numbers. County-wide inventory rising doesn't mean your target neighborhood is cooling. And don't wait for the perfect time — no one times the market perfectly, and waiting usually just means paying more later.

Markets always change. The best homes go to those who are prepared.

Questions about your neighborhood or price range? I'm happy to walk through the numbers with you.

Amy Jiang · Realtor · DRE# 02310998
(650) 665-6888 · WeChat: Amy_realtor · Coldwell Banker Realty

Sources: California Association of Realtors · Redfin · Freddie Mac · Santa Clara County MLS · June 2026

This report is compiled from publicly available media and industry data for informational purposes only and does not constitute investment advice. Real estate markets are subject to change. Please consult a financial or legal professional before making any decisions.