San Jose, CA 95123
This week the median list price for San Jose, CA 95123 is $976,944 with the market action index hovering around 93. This is an increase over last month’s market action index of 89. Inventory has held steady at or around 20.
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.
Strong Seller’s Market
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
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!