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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 January 2024 versus December 2023:
The Number of SOLD listings decreased by 26% to 266 properties, with a top sale of $4,050,000 million at 5161 Warwick Road.
The Average Sales Price decreased by 2% to $1,376,572 million, moving the Average Price Per Square Foot down to $857per square foot.
As measured in months’ supply, the inventory of properties available for sale increased to 1.70 months’ worth of properties for sale
The average 30-year fixed mortgage rate decreased to 6.84%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
