Mary Pope-Handy's Market Report

San Jose, CA 95120

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95120

Mon Mar 25 2019
This week the median list price for San Jose, CA 95120 is $1,499,950 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has held steady at or around 31. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

San Jose, CA 95120

Mon Mar 25 2019
This week the median list price for San Jose, CA 95120 is $1,499,950 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has held steady at or around 31. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,499,950
Per Square Foot $712
Days on Market 37
Price Decreased 29%
Price Increased 0%
Relisted 3%
Inventory 31
Median House Rent $4,600
Most Expensive $5,200,000
Least Expensive $875,000
Market Action Index
Strong Seller's Market
56

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
$2,489,888 3,156 0.5 - 1 acre 4 3 44 3 1 32
$1,572,975 2,287 8,000 - 10,000 sqft 4 3 44 2 1 17
$1,483,900 2,100 6,500 - 8,000 sqft 4 2 53 4 1 63
$1,274,500 1,712 6,500 - 8,000 sqft 4 2 51 1 0 36