What is the current San Jose Ca Real Estate market? If we compare from May 2008  to May 2009, you will find some interesting changes:

1). Home inventory reduced from from last year’s 3853 to this year 2397.  The numbers of sold homes has increased from last year 438 to 580 this year.

2.) The average San Jose homes sales price is lower.  This May sales price is $471,894 vs last May’s ’ $704,153. The median sales of May 2009 is $410,000 which has dropped from last May’s $625,000.

3.) Last May took average 82 days to sell a home however this year will need 92 days to sell a home.

This real estate trend is the same as last month. In the May of 2009 there are 39% less home inventory and 32% more the San Jose homes get sold.  The average San Jose sales price dropped 33% and the San Jose  median price homes dropped 34.4% from last May to this May.  There are more San Jose homes sold this year compared with last year due to home price has dropped about 1/3 of last year.The above data information came from the www.reil.com.

Any home buyers and sellers need a really a good realtor to help the home buyers to buy and sellers to sell. If you or someone you know is thinking of buying or selling property in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me because I offer a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com