Mary Pope-Handy's Market Report

Milpitas, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Milpitas, CA

Mon May 20 2019
This week the median list price for Milpitas, CA is $1,198,000 with the market action index hovering around 70. This is an increase over last month's market action index of 62. Inventory has held steady at or around 21. Click here to stay informed with the Milpitas 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.

Milpitas, CA

Mon May 20 2019
This week the median list price for Milpitas, CA is $1,198,000 with the market action index hovering around 70. This is an increase over last month's market action index of 62. Inventory has held steady at or around 21. Click here to stay informed with the Milpitas 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 Milpitas market.
Median List Price $1,198,000
Per Square Foot $685
Days on Market 33
Price Decreased 19%
Price Increased 0%
Relisted 0%
Inventory 21
Median House Rent $3,750
Most Expensive $4,500,000
Least Expensive $799,950
Market Action Index
Strong Seller's Market
70

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,888,888 2,881 8,000 - 10,000 sqft 4 3 35 0 1 37
$1,299,000 2,097 4,500 - 6,500 sqft 4 3 41 1 1 67
$1,134,000 1,482 6,500 - 8,000 sqft 3 2 53 2 3 19
$914,500 1,247 4,500 - 6,500 sqft 3 1 50 2 2 14