HOUSES

This week the median list price for San Jose, CA 95135 is $759,944 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 52.

 

Market Action Index

 

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue, especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Prices in this zip code have been on a downward trend recently, and this week, while essentially flat, doesn't break us out of that cycle.

 

Median List Price

 

 

Market Segments

 

CONDOS

This week the median list price for San Jose, CA 95135 is $759,944 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 52.

 

Market Action Index

 

Market Narrative

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. 

We continue to see prices in this zip code bounce around these current levels. Look for a persistent downshift in the Market Action Index before we see prices dip. A persistent increase in Market Action could signal that prices will test their previous highs.

 

Median List Price

 

Market Segments