The median list price in SAN JOSE, CA 95120 this week is $1,850,000.
Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Supply and Demand
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
32% of the homes currently on the market in Almaden Valley have sellers who are dropping their prices and opportunities may exist soon for buyers.
If you would like a full market analysis for your home or to understand the trends in your buying search, please contact the Myrick Estates Team today!