I built this report for your information. In case you were wondering "what is going on in San Jose with regards to real estate", here is some interesting data to help you realize where our current market lies. I was excited as I built this report because the numbers show that our market is clearly on the rebound.

 

2 YEAR - SNAP SHOT REPORT

~Median Sold Price in SJ down 46% from $760,000 in May of 07 to $410,000 May of 2009

~Number of sold properties are up 22% from May of 07 to May of 2009

~Number of properties for sale is down 5% from May of 07 to May of 2009 look at the graph to see how dramatic the inventory has fallen. 

~Number of properties under contract is up 123% from May of 07 to May of 2009

~Number of new properties listed by month is down 32% from May of 07 to May of 2009

~The Supply & Demand are as such: the number of properties for sale are down 5% and the number of properties sold are up 22%

~Months supply of inventory are down 68% in May of 2007 we had 2443 single family units for sale in May of 2009 we had 1723 single family units for sale. 

~The average days on the market in May of 2007 was 36 now in May of 2009 the average days on the market are 09...

Please contact me if you have any questions or have problems opening the files. Also, should you be interested in investing in another area I might be able to build a chart for that specific area such as: Morgan Hill, Gilroy, Los Gatos, Hollister etc,. 

Thanks and Enjoy!