| We analyze several housing market indicators in order | | | | The city of San Jose experienced a 32.43% increase |
| to present an in-depth breakdown of San Jose | | | | in median sales price from last year going up from |
| Homes Market comparing February 2009 to February | | | | $400,742 (Feb. 09) to $530,684 (Feb. 2010). Median |
| 2010. | | | | days on market data for San Jose shows that |
| Summary of Key Points | | | | houses are selling faster than Feb 09. It took 104 |
| San Jose Homes has started showing signs of | | | | days in Feb 09 for a house to sell and for Feb 10 |
| improvement with median sales price climbing up while | | | | that number has gone down to 59 days (a 43.38% |
| at the same time houses are selling faster. Sellers got | | | | improvement). Another important factor to consider |
| what they were asking for. In all the market showed | | | | is total number of units sold. In the month of Feb 09, |
| tremendous upward movement. | | | | 643 units were sold compared to 457 for Feb 10 |
| Key Statistics, San Jose, CA: Median Sales Price | | | | (-28.93% change). Lastly we are going to take a look |
| (32.43%), Median Days on Market (-43.38%), and | | | | at the Sales Price to List Price Ratio for San Jose. SP |
| Number of Units Sold (-28.93%), Sales Price to List | | | | LP ratio for Feb 09 was 98% compared to 100% for |
| Price Ratio (Feb 09 98% - Feb 10 100%) | | | | Feb 10. |
| San Jose Homes | | | | |