Mary Pope-Handy's Market Report

San Jose, CA 95123

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95123

Wed Mar 20 2019
This week the median list price for San Jose, CA 95123 is $988,888 with the market action index hovering around 62. This is an increase over last month's market action index of 58. Inventory has held steady at or around 39. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

San Jose, CA 95123

Wed Mar 20 2019
This week the median list price for San Jose, CA 95123 is $988,888 with the market action index hovering around 62. This is an increase over last month's market action index of 58. Inventory has held steady at or around 39. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $988,888
Per Square Foot $581
Days on Market 47
Price Decreased 31%
Price Increased 5%
Relisted 13%
Inventory 39
Median House Rent $2,500
Most Expensive $2,777,000
Least Expensive $749,000
Market Action Index
Strong Seller's Market
62

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
$1,275,000 2,409 4,500 - 6,500 sqft 4 3 38 1 0 72
$1,048,250 1,766 6,500 - 8,000 sqft 3 2 51 4 1 42
$967,000 1,676 4,500 - 6,500 sqft 4 2 50 4 3 27
$899,499 1,404 4,500 - 6,500 sqft 3 2 52 2 4 50