HOUSES

This week, the median list price for San Jose, CA 95135 is $1,994,444, with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has increased to 14.

 

Market Action Index

 

Market Narrative

Home sales have been exceeding new inventory for several weeks. However, prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

 

Median List Price

 

 

Market Segments

 

CONDOS

This week the median list price for San Jose, CA 95135 is $799,888 with the market action index hovering around 30. This is less than last month's market action index of 34. Inventory has increased to 54.

 

Market Action Index

 

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

 

Median List Price

 

Market Segments