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 May 21 2019
This week the median list price for San Jose, CA 95118 is $1,193,500 with the market action index hovering around 63. This is less than last month's market action index of 66. Inventory has held steady at or around 34. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 95118

Tue May 21 2019
This week the median list price for San Jose, CA 95118 is $1,193,500 with the market action index hovering around 63. This is less than last month's market action index of 66. Inventory has held steady at or around 34. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $1,193,500
Per Square Foot $715
Days on Market 36
Price Decreased 38%
Price Increased 3%
Relisted 6%
Inventory 34
Median House Rent $3,795
Most Expensive $1,799,999
Least Expensive $950,000
Market Action Index
Strong Seller's Market
63

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
$1,641,944 2,332 6,500 - 8,000 sqft 5 3 55 1 2 47
$1,299,000 1,641 4,500 - 6,500 sqft 3 2 49 2 0 26
$1,098,000 1,407 6,500 - 8,000 sqft 3 2 58 1 2 43
$998,000 1,200 4,500 - 6,500 sqft 3 2 58 1 0 27