The second rule of real estate after Location: Timing. Buyers and Sellers need to understand the time trends in the market.
Sellers need to be aware of how long it might take to sell their home. Many variables affect this time, not the least of which is list price. Milpitas homes are, on average, priced to move, with nearly all price points selling in less than a month, on average.
For the buyers, it is important to understand how fast you have to move – not just in responding to a home you like, but in how frequently you need to check the market and how quickly you need to make arrangements to view the home.
Here we see a curious phenomenon where the lower priced homes take longer to sell than the higher priced homes almost all the way across the market. Still, for most of the market, homes sell in an average of 1-4 weeks, which is fairly brisk for Silicon Valley this year.