This Week – March 5th, 2018
The median list price in SAN JOSE, CA 95120 this week is
$1,088,888.
Demand measured by the Market Action Index is increasing and
days-on-market is holding steady. With more properties coming
available, conditions are mildly positive.
Supply and Demand
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.
Price
We continue to see prices in this zip code settled at a plateau.
This week prices bumped down a bit but not significantly enough
to change the overall outlook. Look for a persistent change (up
or down) in the Market Action Index before we see prices
significantly deviate from these levels.
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