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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 the 3rd Quarter of 2023 versus the 3rd Quarter of 2024:
The Number of SOLD listings increased by 10% to 1554 properties, with a top sale of $5,325,000 million at 1671 Cambell Avenue
The Average Sales Price increased by 3% to $1,490,204 million, moving the Average Price Per Square Foot up to $923 per square foot.
As measured in quarterly supply, the inventory of properties available for sale increased by 38% to 1.80 quarters’ worth of properties compared to last year’s 3rd quarter
The average 30-year fixed mortgage rate increased to 6.24%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
