December 2015 single family home sales showed unseasonal gains in nearly all MLSListings counties, compared to November 2015. Santa Clara had the largest gain of 20%, San Mateo 14%, Santa Cruz sales rose 9%, and Monterey 5%. Only San Benito sales dropped 17%. December year-over-year sales remain above 2014 levels in four of the five MLSListings counties. San Benito sales rose 20%, both Santa Cruz and Santa Clara grew 16%, and San Mateo increased 7%, with Monterey showing the only decline at 2%.
Month-to-month inventory tells a different story, continuing to decline across all counties compared to November 2015. Inventory dropped 52% in San Mateo, 46% in Santa Clara, 45% in Santa Cruz, 15% in Monterey, and 3% in San Benito. It remains split among the counties compared to 2014, with San Mateo up 14%, San Benito up 4%, Monterey up 2%, and Santa Cruz and Santa Clara down 16% and 1%, respectively.
Compared to last month, median sales price dropped 20% in San Mateo County, 7% in both Monterey and Santa Clara Counties, 5% in San Benito County, and grew 4% in Santa Cruz County. Compared to 2014, the median sales price remains relatively positive, with the counties of San Benito up 11%, Monterey up 9%, Santa Clara and Santa Cruz counties up 6%, and with San Mateo up 2%.
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