Andy Sweat

San Jose, CA

Single-Family Homes

Realtor, Top Producer | Keller Williams Bay Area Estates



San Jose, CA

Mon Jun 17 2019
This week the median list price for San Jose, CA is $1,219,888 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has held steady at or around 669. Click here to stay informed with the San Jose market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

San Jose, CA

Mon Jun 17 2019
This week the median list price for San Jose, CA is $1,219,888 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has held steady at or around 669. Click here to stay informed with the San Jose market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,219,888
Per Square Foot $682
Days on Market 40
Price Decreased 31%
Price Increased 4%
Relisted 5%
Inventory 669
Median House Rent $3,500
Most Expensive $5,000,000
Least Expensive $499,950
Market Action Index
Strong Seller's Market
61

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,950,000 2,746 8,000 - 10,000 sqft 4 3 43 20 19 45
$1,349,000 1,886 6,500 - 8,000 sqft 4 2 54 28 33 29
$1,098,000 1,728 4,500 - 6,500 sqft 4 2 50 29 40 43
$875,000 1,334 4,500 - 6,500 sqft 3 2 56 40 41 42