Febuary, 2025 Market News San Jose

Hello everyone!  San Jose's housing market is buzzing with activity! With a median sale price of $1.4 million and an impressive 11.9% increase from last year, homes are selling faster than ever, averaging just 27 days on the market!  Homes are also receiving multiple offers, reflecting high demand.

Key Trends:
- Home Sales: Up 4.6% year-over-year, with 298 homes sold!
- Price Per Sq Ft: Increased by 5.9%, now at $878.
- Inventory Alert: Only 1,475 homes available and 590 new listings in November!

Looking ahead, we anticipate a 2-3% annual increase in home prices. With low vacancy rates, the rental market is also thriving, offering promising investment opportunities, such as revitalizing Downtown San Jose and Berryessa neighborhoods, and focusing on rental properties in demand. Investors may also explore the affordable housing sector for potential growth. 

San Jose continues to attract young professionals, families, and international workers, fueled by its vibrant economy and job market in the tech sector. Whether you're buying, selling, or investing, keep an eye on interest rates, which are around 6.5%. Stay informed to make savvy decisions in this competitive landscape!