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"How's the market?" We get asked this question many times. Below we are providing you statistical data based on properties that have recently sold. But every neighborhood, block, street, and home in the San Jose area is unique and a computer cannot tell the full story. For a more in-depth analysis and thorough property evaluation, turn to your Alain Pinel Realtors Real Estate Agent. No one knows the San Jose area market better. The information displayed below is an overall representation of the combined real estate market in this area. To refine your results simply specify your property type, price below.
Want to know what San Jose homes are selling for? When trying to decipher San Jose home values the most requested real estate information point looked at is typically average home sales price. Our graph will provide you some initial insights into the sold homes prices in San Jose, CA.
How long will it take to sell my San Jose home? A lot of will look to the "Days On Market" metric, which shows the average number of days a house is listed for sale before it closes escrow (sells), to identify trends in the San Jose real estate market. Properties that have prolonged Days on Market (DOM)can signal that current home buyers are not being as competitive in submitting offers to buy homes. It may also reflect a distressed real estate market that may have short sales which are notorious for lengthy sales cycles. This key statistic is also impacted by seasonal differences in most real estate markets, including San Jose. DOM traditionally are longer toward the later part of the year with kids in school, holidays and such.
How active is the real estate market in San Jose, CA? A quick look at active home listings in the San Jose real estate market can provide some answers. The number of available properties is the market's "Supply". If there are a lot of available properties (supply is high) then it will typically be more of a Buyers Market because the buyers will have much to choose from. Conversely, if the housing inventory is low then the market will favor the home seller more (Seller's Market). Inventory levels tend to increase between March and June and taper off at the end of the calendar year.
Sales Price as % of List Price for Recently Sold Homes in San Jose
Curious about where to price your home or how strong an offer to make? Our graph will provide useful information regarding today's real estate market. This key factor will vary over time and location. However, most serious home buyers and sellers want to know the relationship between list price and sales price. A high percentage of San Jose homes being sold above list price is a strong indication of a healthy market and rising home prices. If the percentage of homes being sold under list price is high, then the real estate market is soft and likely to see falling home prices.