Intero's Weekly Market Report

San Jose, CA 95138

Single-Family Homes

Intero Real Estate Servies Inc. | Silver Creek | www.interorealestate.com



San Jose, CA 95138

Fri Sep 20 2019
This week the median list price for San Jose, CA 95138 is $1,998,000 with the market action index hovering around 40. This is less than last month's market action index of 45. Inventory has held steady at or around 24. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 95138

Fri Sep 20 2019
This week the median list price for San Jose, CA 95138 is $1,998,000 with the market action index hovering around 40. This is less than last month's market action index of 45. Inventory has held steady at or around 24. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,998,000
Per Square Foot $630
Days on Market 54
Price Decreased 33%
Price Increased 0%
Relisted 4%
Inventory 24
Median House Rent $4,250
Most Expensive $12,500,000
Least Expensive $817,000
Market Action Index
Slight Seller's Advantage
40

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$2,868,000 4,701 0.25 - 0.5 acre 5 4 21 2 0 50
$2,224,999 3,804 0.25 - 0.5 acre 4 4 21 0 0 56
$1,559,000 2,472 6,500 - 8,000 sqft 4 3 21 1 0 44
$1,205,000 2,058 4,500 - 6,500 sqft 3 3 20 1 2 66