Thanks for pinging for clarification. My intention was to say that Mountain View was on fire in July, but if you’re looking to put your home on the market *today*, you should be careful about your number because buyers are more uncertain now.

(Just like higher numbers at the pump, people will get used to the higher percentages. It’ll take some getting used to though.)

The line I would emphasize to them is, "Sellers are confident because of this disparity [ed. low CDOM number], but we’re moving into a slower part of the Silicon Valley market cycle in a period of uncertainty with mortgages."

I’ll update the first line to make it more clear and I’m going to add a comma between "cycle" and "in" in the last sentence because there are two separate ideas there.

Cheers,
Steve

I’m not sure I picked up on the connection. Shouldn’t the recent increase in Jumbos be pushing houses in the 1MM+ range into slower territory? Your post demonstrates the opposite, I think.