Mary Pope-Handy's Market Report

San Jose, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA

Wed Oct 23 2019
This week the median list price for San Jose, CA is $1,124,995 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 737. Click here to stay informed with the San Jose market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

San Jose, CA

Wed Oct 23 2019
This week the median list price for San Jose, CA is $1,124,995 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 737. Click here to stay informed with the San Jose market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,124,995
Per Square Foot $657
Days on Market 63
Price Decreased 43%
Price Increased 2%
Relisted 10%
Inventory 737
Median House Rent $3,600
Most Expensive $12,500,000
Least Expensive $275,000
Market Action Index
Slight Seller's Advantage
44

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$1,753,000 2,707 8,000 - 10,000 sqft 4 3 37 15 28 81
$1,249,875 1,937 6,500 - 8,000 sqft 4 3 52 21 23 59
$999,000 1,490 4,500 - 6,500 sqft 3 2 52 24 22 60
$798,000 1,232 4,500 - 6,500 sqft 3 2 55 39 26 49