Mary Pope-Handy's Market Report

San Jose, CA 95148

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95148

Tue Jan 21 2020
This week the median list price for San Jose, CA 95148 is $1,899,500 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has held steady at or around 14. 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

San Jose, CA 95148

Tue Jan 21 2020
This week the median list price for San Jose, CA 95148 is $1,899,500 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has held steady at or around 14. 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,899,500
Per Square Foot $539
Days on Market 89
Price Decreased 36%
Price Increased 7%
Relisted 7%
Inventory 14
Median Rent $3,563
Most Expensive $5,350,000
Least Expensive $999,999
Market Action 44
Slight Seller's Advantage

Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

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
$2,858,000 4,617 0.25 - 0.5 acre 6 5 8 0 0 109
$2,195,000 4,059 8,000 - 10,000 sqft 5 5 1 0 0 81
$1,484,500 2,806 6,500 - 8,000 sqft 5 3 32 0 0 78
$1,024,499 1,931 8,000 - 10,000 sqft 4 3 62 0 0 89