Mary Pope-Handy's Market Report

San Jose, CA 95123

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95123

Thu Nov 14 2019
This week the median list price for San Jose, CA 95123 is $988,000 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has held steady at or around 43. 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.

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

Thu Nov 14 2019
This week the median list price for San Jose, CA 95123 is $988,000 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has held steady at or around 43. 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.

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 $988,000
Per Square Foot $592
Days on Market 51
Price Decreased 35%
Price Increased 5%
Relisted 0%
Inventory 43
Median Rent $3,495
Most Expensive $2,399,000
Least Expensive $800,000
Market Action 52
Strong Seller's Market

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
$1,297,943 2,590 6,500 - 8,000 sqft 4 3 41 0 0 93
$999,888 1,917 4,500 - 6,500 sqft 4 3 50 1 0 49
$925,000 1,425 4,500 - 6,500 sqft 3 2 48 0 1 36
$849,000 1,400 4,500 - 6,500 sqft 3 2 50 1 1 28