Mary Pope-Handy's Market Report

San Jose, CA 95120

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95120

Thu Jan 17 2019
This week the median list price for San Jose, CA 95120 is $1,523,975 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has held steady at or around 14. 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 95120

Thu Jan 17 2019
This week the median list price for San Jose, CA 95120 is $1,523,975 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has held steady at or around 14. 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 $1,523,975
Per Square Foot $655
Days on Market 107
Price Decreased 43%
Price Increased 0%
Relisted 0%
Inventory 14
Median House Rent $3,750
Most Expensive $5,900,000
Least Expensive $1,336,800
Market Action Index
Strong Seller's Market
50

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$1,895,000 3,344 0.5 - 1 acre 5 4 44 0 0 98
$1,748,800 2,733 6,500 - 8,000 sqft 5 3 54 0 0 161
$1,499,919 2,135 8,000 - 10,000 sqft 4 2 48 1 0 82
$1,431,444 2,246 8,000 - 10,000 sqft 4 3 47 1 0 99