This week, San Jose’s median list price dipped slightly to $1,692,000, a modest shift that signals the market has reached a steady equilibrium rather than cooling off. The Market Action Index stands at 60, keeping us firmly in a Strong Seller’s Market.
Inventory has ticked up to 336 homes, giving buyers a little more breathing room, even as homes continue to move briskly with a median of 14 days on market. The median price of new listings ($1,638,000) suggests that sellers are pricing strategically to meet demand rather than stretching for the top of the market.
What we’re seeing is a temporary balancing act – prices holding steady, buyers pushing back slightly, and sellers adjusting expectations just enough to maintain strong momentum.
For Sellers: This is the moment to stay priced in line with current trends. Well-presented homes remain highly competitive, especially in the mid-range ($1.4M – $1.9M).
For Buyers: With inventory up, you have a chance to negotiate smartly, but don’t wait for a slowdown; San Jose is still moving fast.
For now, San Jose remains a seller’s market with balance on the horizon and that’s often when the best deals get made.