Mary Pope-Handy's Market Report

San Jose, CA 95120

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95120

Tue May 21 2019
This week the median list price for San Jose, CA 95120 is $1,689,000 with the market action index hovering around 60. This is less than last month's market action index of 63. Inventory has held steady at or around 47. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

San Jose, CA 95120

Tue May 21 2019
This week the median list price for San Jose, CA 95120 is $1,689,000 with the market action index hovering around 60. This is less than last month's market action index of 63. Inventory has held steady at or around 47. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,689,000
Per Square Foot $682
Days on Market 36
Price Decreased 30%
Price Increased 4%
Relisted 4%
Inventory 47
Median House Rent $4,550
Most Expensive $5,000,000
Least Expensive $1,079,000
Market Action Index
Strong Seller's Market
60

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$2,848,000 4,490 1 - 2.5 acres 4 4 22 2 1 56
$1,792,000 2,555 8,000 - 10,000 sqft 4 3 41 3 1 24
$1,635,000 2,436 8,000 - 10,000 sqft 4 2 46 3 2 12
$1,399,499 2,050 6,500 - 8,000 sqft 4 2 51 3 4 53