Fri Feb 28 2020
This week the median list price for San Jose, CA is $1,275,000 with the market action index hovering around 62. This is an increase over last month's market action index of 60. Inventory has held steady at or around 306.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,275,000|
|Per Square Foot||$677|
|Days on Market||66|
|Strong Seller's Market|
Though this week saw relatively little price change from last week, the market seems to be show some signs of strength. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,498,500||3,415||8,000 - 10,000 sqft||5||4||23||12||8||99|
|$1,419,000||1,968||6,500 - 8,000 sqft||4||3||55||20||24||71|
|$1,100,000||1,589||4,500 - 6,500 sqft||3||2||52||41||30||36|
|$799,888||1,291||4,500 - 6,500 sqft||3||2||57||29||25||58|