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Welcome to The Rossetti Realty Market Update.
If you’re considering buying or selling residential real estate, it’s essential to understand the current market trends.
According to MLS Listings, the marketplace for San Jose residential properties, here’s what happened in November 2023 versus October 2023:
The Number of SOLD listings decreased by 13% to 392 properties, with a top sale of $3,750,000 million at 5328 Canyon Hills Lane.
The Average Sales Price decreased by 7% to $1,369,273 million, moving the Average Price Per Square Foot down to $862 per square foot.
As measured in months’ supply, the inventory of properties available for sale remains the same at 1.30 months’ worth of properties for sale
The average 30-year fixed mortgage rate decreased to 7.41%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
