Mary Pope-Handy's Market Report

San Jose, CA 95123

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95123

Mon May 20 2019
This week the median list price for San Jose, CA 95123 is $998,000 with the market action index hovering around 67. This is less than last month's market action index of 71. Inventory has held steady at or around 51. 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 been flat for several weeks. 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 95123

Mon May 20 2019
This week the median list price for San Jose, CA 95123 is $998,000 with the market action index hovering around 67. This is less than last month's market action index of 71. Inventory has held steady at or around 51. 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 been flat for several weeks. 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 $998,000
Per Square Foot $595
Days on Market 42
Price Decreased 25%
Price Increased 2%
Relisted 6%
Inventory 51
Median House Rent $3,350
Most Expensive $2,688,000
Least Expensive $779,000
Market Action Index
Strong Seller's Market
67

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$1,239,500 2,274 4,500 - 6,500 sqft 4 2 48 1 1 82
$1,050,000 1,723 4,500 - 6,500 sqft 4 2 51 4 3 47
$950,000 1,516 4,500 - 6,500 sqft 4 2 49 4 2 26
$899,000 1,362 4,500 - 6,500 sqft 3 2 51 4 3 14