Mary Pope-Handy's Market Report

San Jose, CA 95124

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95124

Sun Aug 18 2019
This week the median list price for San Jose, CA 95124 is $1,249,000 with the market action index hovering around 51. This is less than last month's market action index of 56. Inventory has held steady at or around 59. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

San Jose, CA 95124

Sun Aug 18 2019
This week the median list price for San Jose, CA 95124 is $1,249,000 with the market action index hovering around 51. This is less than last month's market action index of 56. Inventory has held steady at or around 59. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,249,000
Per Square Foot $804
Days on Market 34
Price Decreased 44%
Price Increased 0%
Relisted 2%
Inventory 59
Median House Rent $4,100
Most Expensive $2,598,000
Least Expensive $825,000
Market Action Index
Strong Seller's Market
51

We continue to see prices in this zip code bouncing around this plateau. 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
$1,621,999 2,197 6,500 - 8,000 sqft 4 3 56 5 3 13
$1,328,000 1,565 6,500 - 8,000 sqft 3 2 59 0 1 51
$1,199,000 1,584 4,500 - 6,500 sqft 3 2 61 1 3 34
$998,800 1,250 4,500 - 6,500 sqft 3 2 65 2 3 38