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San Jose Calif Real Estate Market

By
Real Estate Agent with Keller Williams Realty Cupertino

San Jose DowntownSan-Jose-City-Hall-Richard-Meier-1 An overview of San Jose Single Family Real Estate market of March 2008 compared to March 2009 shows some interesting economic changes: 1.) The homes inventory dropped to 1012 this year from last year’s 1212. The sold homes number is higher from 298 last March to 456 this year 2.) The average price of San Jose homes this year has dropped to $454,550 from last years’ $758,457. 3.) It takes average 65 days to sell a San Jose home, but last March was 62 days. We have 200 less San Jose homes for sale this year. The good news is that a lot more homes actually sold this year. The average and median price for San Josehomes dropped about 40% this year from last March to this March. All the above information is from the www.reil.com The above photo of city San Jose is located at the downtown of San Jose from www.exuberance.com

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