Mary Pope-Handy's Market Report

San Jose, CA 95118

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95118

Tue Mar 26 2019
This week the median list price for San Jose, CA 95118 is $1,187,944 with the market action index hovering around 72. This is less than last month's market action index of 73. Inventory has held steady at or around 22. 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

Tue Mar 26 2019
This week the median list price for San Jose, CA 95118 is $1,187,944 with the market action index hovering around 72. This is less than last month's market action index of 73. Inventory has held steady at or around 22. 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 $1,187,944
Per Square Foot $696
Days on Market 40
Price Decreased 18%
Price Increased 0%
Relisted 9%
Inventory 22
Median House Rent $3,625
Most Expensive $2,595,900
Least Expensive $955,000
Market Action Index
Strong Seller's Market
72

Prices in this zip code seem to have settled around a 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
$1,799,999 3,305 6,500 - 8,000 sqft 5 4 52 3 1 28
$1,298,000 1,910 4,500 - 6,500 sqft 4 2 59 2 1 12
$1,148,000 1,615 6,500 - 8,000 sqft 3 2 59 2 2 51
$1,054,000 1,445 4,500 - 6,500 sqft 3 2 54 1 4 61