Real Estate Market Report - San Jose, CA (Nov, 2023)

The median sale/list price data shows that the prices have been increasing from November 2022 to August 2023 for both sets of data. However, there are some variations in the prices from month to month. The median sale/list price for the first set of data ranges from $975,000 in January 2023 to $1,198,000 in April 2023. The median sale/list price for the second set of data ranges from $1,002,500 in February 2023 to $1,250,000 in June and September 2023.

The median sale price per square foot shows a slight decrease from November 2022 to January 2023, with a low of $687.5. However, prices start to increase again in March 2023 and continue to rise steadily until September 2023, reaching a high of $755.55.

The median sale price to list price ratio has remained steady around 0.98 to 0.99 from November 2022 to January 2023, but has increased to 1.029 by June 2023. This suggests that homes are being sold for higher prices than their list prices, indicating a strong seller's market. However, the ratio has slightly decreased in the following months to around 1.02, indicating a potential shift towards a more balanced market.

The first set of data shows that the number of properties sold/listed steadily increased from November 2022 to August 2023, with a peak of 1302 in May 2023, and then decreased slightly in September 2023. The second set of data shows a similar trend, but with lower numbers overall. The highest number of properties sold/listed in this set was 717 in May 2023.

The median days on market for homes in the given data range ranged from 39 to 62 days. The shortest median days on the market was in March 2023 at 39 days, while the longest median days on the market was in January 2023 at 62 days. The median days on market for the final month in the range, September 2023, was 41 days.