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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 Market residential properties, here’s what happened in April 2025 VS May 2025:
The Number of SOLD listings decreased by 18% to 466 properties, with a top sale of $5,367,000 million at 1474 Lupton Avenue.
The Average Sales Price increased by 2% to 1,619,180 million, while the Average Price Per Square Foot down to $982.
As measured in monthly supply, the inventory of properties available for sale increased by 32% to 2.50 monthly worth of properties for sale
The average 30-year fixed mortgage rate increased to 6.94%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
