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. Much of the San Martin market is priced well enough to keep inventory low and turnover high. The higher-end estates do tend to remain on the market for extended periods.
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 that in most price ranges, homes in San Martin sell in under 3 weeks. Data in this period, however, is corrupted by COVID-19 reporting changes that shut down the days on market counter during Shelter in Place.