"In May, there were 965 homes for sale in San Jose, which was 20.2% more than the month before and 67.2% more than the same time last year. Meanwhile, active inventory across the nation rose by 8.0% from last month to 1,036,101. The number of new listings in San Jose was 784, which was 0.8% less than the month before and 4.8% more than the same time last year."
"The number of new listings in San Jose was 784, which was 0.8% less than the month before and 4.8% more than the same time last year. Homes in San Jose take an average of 24 days to sell, according to May figures. This is two days more than the previous month and nine days more than the same month last year."
Median listing price in San Jose rose slightly in May to $1,298,000. Price per square foot increased 0.2% month-over-month, lagging the national per-square-foot rise of 0.5%. Inventory reached 965 active listings, up 20.2% from April and 67.2% year-over-year, while new listings totaled 784, down 0.8% month-over-month but up 4.8% year-over-year. National active inventory increased 8.0% to 1,036,101 and new listings fell 1.4% to 465,096. Homes in San Jose averaged 24 days on market, two days longer than April and nine days longer than last May, versus a national average of 51 days.
Read at SFGATE
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