Over the past six months, the MLS market indicators below for San Jose appear to show the market is cooling. While the average sale price has slightly decreased, the price per square foot has remained stable. The number of sales and sale price to list price ratio have declined. In addition, both inventory and days on market have increased.
MLS Market Indicators
The graph below shows REO sales have been fairly constant throughout the year. While short sales are down from a year ago, they are on the rise over the past five months.
