Goodbye Summer, Hello Fall in Silicon Valley
We always hate to see summer slip away — even here in Silicon Valley, where warm days stretch longer than in most places. Still, the shorter evenings and cooler nights remind us that fall is settling in, even if the sunshine is still abundant.
This season, two big housing topics are on our radar:
1. Mortgage Rates – Will they finally start easing, as many are hoping? The answer will shape buying power and market momentum.
2. The Bay Area Natural Gas Ban – Have you considered what it could mean for your home if the ban is not repealed? Conversions to all-electric systems may carry hefty costs. (We covered this in last month’s newsletter, and you can always contact me if you’d like details.)
Market-wise, activity in Santa Clara County is showing signs of life after a sluggish stretch. Certain neighborhoods remain highly competitive, though many buyers are still pausing to see if loan rates will come down before making a move. They came down a bit, but are stuttering.
August 2025 Market Snapshot
• Single-family homes: Still a seller’s market overall, with prices edging upward even as sales pace cools.
• Condos & townhomes: Softer, with both median and average prices down compared to last year, and fewer closed sales.
In short: the market is adjusting, but opportunities remain — both for buyers looking to position themselves before rates shift, and for sellers ready to take advantage of steady pricing.
As always, the Benford Team at Christie’s Sereno is here to help you make sense of the changes and guide you through your next move in Silicon Valley real estate.
Check out the most recent Santa Clara County stats below.
Single Family Homes
Condos and Townhouses
Did you know that I can also show you NEW CONSTRUCTION, MODULAR HOMES, and MOBILE HOMES?
408-644-5159
Erin@BenfordRealEstate.com
18+ years of Licensed Experience
46+ years of Owner Experience
One can download information from the internet; but, one cannot download expertise. We look for the red flags and negotiate for a living. Hire the experts. We will tell you the truth.
