"In October, home prices fell slightly from the month before, with a median listing price of $1,193,694. The number of listings on the market shrank 4.9% 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. Typically, home price per square foot in San Jose tend to fall in October."
"Nationally, home price per square foot decreased 0.8%, which means price changes in the Capital of Silicon Valley are outpacing the national market. In October, there were 783 homes for sale in San Jose, which was 4.9% less than the month before and 18.2% more than the same time last year. The number of new listings in San Jose was 496, which was 21.5% less than the month before and 6.1% less than the same time last year."
Median listing price in San Jose was $1,193,694 in October, a slight month-over-month decrease. Price per square foot rose 0.9% from the previous month, despite typical October declines and a national per-square-foot decrease of 0.8%. Active inventory in San Jose stood at 783 homes, down 4.9% from September but up 18.2% year-over-year. New listings fell to 496, a 21.5% monthly decline and 6.1% year-over-year decrease. Homes averaged 36 days on market, one day longer than last month and seven days longer than last year, compared with a 63-day national average.
Read at SFGATE
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