Bright Homes Real Estate | July 2023 Market Report Palo Alto Area
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San Jose<br />
What's in the San Jose data?<br />
In June, San Jose had 598 single-family homes for<br />
sale, providing the market with only 0.7 months of<br />
inventory. There were 350 new listings, and 365<br />
homes were sold. The median sale price for<br />
single-family homes was $1.6m, and the median<br />
overbid was 104.5%. The average time on the<br />
market for single-family homes was 20 days.<br />
There are 282 condo and townhome units,<br />
providing the market with 1 month of inventory.<br />
There were 162 new listings and 138 condos sold.<br />
The median sale price for condos was $865k, and<br />
the median overbid was 103.5%. The average time<br />
on the market for condos was 19 days.
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