Mary Pope-Handy's Market Report

San Jose, CA 95118

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95118

Thu Jan 17 2019
This week the median list price for San Jose, CA 95118 is $1,164,000 with the market action index hovering around 71. This is an increase over last month's market action index of 64. Inventory has held steady at or around 8. 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 95118

Thu Jan 17 2019
This week the median list price for San Jose, CA 95118 is $1,164,000 with the market action index hovering around 71. This is an increase over last month's market action index of 64. Inventory has held steady at or around 8. 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 $1,164,000
Per Square Foot $853
Days on Market 56
Price Decreased 25%
Price Increased 13%
Relisted 13%
Inventory 8
Median House Rent $3,198
Most Expensive $1,388,888
Least Expensive $1,029,000
Market Action Index
Strong Seller's Market
71

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,363,444 1,871 4,500 - 6,500 sqft 4 3 61 1 2 63
$1,199,499 1,347 6,500 - 8,000 sqft 3 2 49 1 1 14
$1,113,500 1,279 4,500 - 6,500 sqft 3 2 55 1 0 122
$1,058,500 1,195 4,500 - 6,500 sqft 3 2 64 0 1 28