Mary Pope-Handy's Market Report

San Jose, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA

Thu Feb 21 2019
This week the median list price for San Jose, CA is $1,149,444 with the market action index hovering around 56. This is an increase over last month's market action index of 53. Inventory has held steady at or around 412. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

San Jose, CA

Thu Feb 21 2019
This week the median list price for San Jose, CA is $1,149,444 with the market action index hovering around 56. This is an increase over last month's market action index of 53. Inventory has held steady at or around 412. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,149,444
Per Square Foot $683
Days on Market 52
Price Decreased 25%
Price Increased 4%
Relisted 11%
Inventory 412
Median House Rent $3,398
Most Expensive $3,588,000
Least Expensive $599,900
Market Action Index
Strong Seller's Market
56

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
$1,788,888 2,485 6,500 - 8,000 sqft 4 3 54 35 20 53
$1,288,000 1,782 4,500 - 6,500 sqft 4 2 56 32 26 53
$999,000 1,601 4,500 - 6,500 sqft 3 2 51 32 16 42
$799,956 1,328 4,500 - 6,500 sqft 3 2 54 28 27 61