Cupertino CA June Real Estate Market

What is the current Cupertino Ca Real Estate market? Let us compare from June 2008 to June 2009 we can see some interesting changes:

1). Home inventory rose this year to 132 from last year's 79. The numbers of sold homes dropped this year to 37 from last year's 38.

2.) The average Cupertino homes sales price is lower this year. This June's sales
price is $1,148,020 vs last June $1,199,084. The median sales of
June 2009 is $1.111,000 which has dropped from last June $1,197,000.

3.) Last June took average 35 days to sell a home but it took 50 days this year.

This real estate trend is the same as last month. In June of 2009
there were 67% more homes for sale and 33% less Cupertino homes
were sold. The average Cupertino sales price dropped 4.25% and the
Cupertino median price homes has dropped 7.18% from last June to this June.
The above data information came from the www.reil.com.

Grace Keng of RE/MAX Real Estate Services DRE#00919545 the members of the National Association of Realtors, (NAR),the California Association of Realtors, (CAR), and the Silicon ValleyAssociation of Realtors, (SILVAR), MLS listings Services, (REIL).