San Jose ranks first nationally for speed of home sales, with a median of 12 days on the market. The national median is 66 days, while San Jose has fewer than one home available per 1,000 residents. In this tight market, 62% of homes sell above asking price, and the median listing price is $1,500,000. Limited new construction and sustained demand from high-wage industries keep Bay Area inventory low. San Francisco follows with a 14-day median, reinforcing the region’s position among the fastest-moving markets nationwide.
Read at Thesanjoseblog
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