San Jose is the largest city in Nothern California and the 10th largest cities in US. What is the current Real Estate market in San Jose Calif ? If we compare from November 2008 to November 2009, you will find some interesting changes:

1). The home inventory has gone down from last year’s 3252 to this year 1597.  The numbers of sold homes has gone up from last year`s  392 to 515 this year.

2.) The average San Jose home sales price is higher. In November 2009 sales price is $557,564 vs last November’s  $515,059 The median sales of  November 2009 is $515,000 which it has an increase  from last November’s $456,500.

3.) Last November took average 69 days to sell a home however this year will need 69 days to sell a home.

This real estate trend is the same as last month. In the November of 2009 there are 50.9% less home inventory and 31.4% more the San Jose homes get sold.  The average San Jose sales price rose 8.3% and the San Jose median price homes increased 12.8% from last November to this November.  The above data information came from the www.reil.com.

If you or someone you know is thinking of buying or selling home in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me because myteam and I will make the transaction as pleasant and as stress free as such transactions can be. You can start it by emailing me GraceKeng1@gmail.com