The Santa Clara housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 15.2% in the past month. With 6.0 months of supply, Santa Clara's inventory levels remain relatively tight. Homes are taking about 57 days to sell, which is 0 days longer than this time last year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Santa Clara market with the affordability index at 361.8. Based on current market indicators, home prices in Santa Clara are projected to decrease by approximately 8.2% over the next month.