Mon Jun 05 2023
This week the median list price for San Jose, CA is $799,999 with the market action index hovering around 70. This is about the same as last month's market action index of 70. Inventory has increased to 139.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$799,999|
|Median Price of New Listings||$861,500|
|Per Square Foot||$665|
|Average Days on Market||48|
|Median Days on Market||21|
|Strong Seller's Market|
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,292,000||1,719||0 - 4,500 sqft||3||2.8||30||5||10||28|
|$920,924||1,404||0 - 4,500 sqft||2||2.5||22||7||11||14|
|$749,000||1,125||0 - 4,500 sqft||2||2||34||5||8||21|
|$546,000||858||0 - 4,500 sqft||1||1||35||5||7||21|