http://sanjoseproperty.com/news.htm
Trends at a Glance | |||
(Single-family Homes) | |||
Feb 08 | Jan 08 | Feb 07 | |
Median Price: | $778,000 | $740,000 | $790,000 |
Average Price: | $988,772 | $1,005,253 | $965,600 |
Home Sales: | 424 | 337 | 665 |
Inventory: | 5,068 | 4,563 | 2,931 |
Sale/List Price Ratio: | 98.2% | 97.6% | 99.8% |
Days on Market: | 81 | 87 | 71 |
Days of Inventory: | 359 | 406 | 132 |
Sales of single-family, re-sale homes bounced back from the record low set in January. There were 424 homes sold last month, a rise of 25.8% from the month before, down 36.2% from last February. Condo sales rose 2.2%, but were off 56.9% year-over-year.
Inventory continues to increase as we enter the spring selling season. The number of homes on the market rose 11.1% compared to January, and up 72.9% year-over-year. Condo inventory rose 8.7% month-over-month, and was up 61.7% compared to last February.
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