"In July, home prices fell substantially from the month before, with a median listing price of $1,200,000. The number of listings on the market shrank 3.6% from last month, which is a bigger decrease than normal for this time of the year in San Jose, and homes are also selling slower than at the same time last year. Home prices in San Jose"
"Typically, home price per square foot in San Jose tend to fall in July. And the most recent data shows that the price per square foot decreased by 1.0% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.9%, which means price changes in the Capital of Silicon Valley are larger the national market."
"In July, there were 953 homes for sale in San Jose, which was 3.6% less than the month before and 39.0% more than the same time last year. Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787. The number of new listings in San Jose was 516, which was 18.6% less than the month before and 13.4% less than the same time last year."
In July, San Jose median listing price was $1,200,000 and home prices fell substantially from the month before. Price per square foot in San Jose decreased 1.0% month‑over‑month, larger than the national decrease of 0.9%. There were 953 homes for sale, a 3.6% drop from June and a 39.0% increase year‑over‑year. New listings numbered 516, down 18.6% from the prior month and 13.4% year‑over‑year. San Jose homes averaged 36 days on market, three days longer than last month and eight days longer than last year. National active inventory rose 1.9% to 1,102,787 and new listings fell 3.9% to 434,816, with a national average of 58 days on market.
Read at SFGATE
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