San Jose Housing Market: Hot or Cooling Down?

The San Jose real estate market is always evolving, and if you’re thinking about buying or selling a home, staying informed is key. Whether you’re looking for your dream home or considering listing your property, understanding the latest market trends can help you make smarter decisions.

Here’s a breakdown of what’s happening in the San Jose housing market right now.

More Homes Hitting the Market

164 new listings were added recently, giving buyers more options than before. If you’ve been struggling to find the right home, this could be your chance! However, more inventory also means more competition for sellers, making pricing and marketing strategies even more critical.

Price Reductions Are Happening

48 homes lowered their prices, signaling that some sellers are adjusting their expectations to attract buyers. This is good news for buyers who may find better deals, but sellers should take note—correct pricing from the start is crucial in today’s market.

Homes Are Still Selling Quickly

132 homes went pending, which means demand remains strong. Well-priced homes in desirable locations are still selling fast, so buyers need to be prepared to act quickly and make competitive offers.

Closings Remain Steady

123 homes closed, showing that the market remains active and stable. Despite shifts in pricing and inventory, homes are still selling, reinforcing the importance of working with an experienced REALTOR® who knows how to navigate changing conditions.

Some Listings Aren’t Selling

17 homes were canceled and 10 expired, meaning not every home is finding a buyer. If a property isn’t selling, it may be due to overpricing, condition, or lack of proper marketing. For sellers, this is a reminder that strategic pricing and professional marketing can make all the difference.

What Does This Mean for You?

For Buyers:

• More homes are hitting the market, giving you more choices.
• Some sellers are adjusting prices, creating room for negotiation.
• Homes are still selling fast—getting pre-approved is key.

For Sellers:

• While homes are still selling, overpricing can lead to price reductions.
• Buyers are out there, but staging, pricing, and marketing are more important than ever.
• If your home isn’t selling, it may be time to rethink your strategy.

With the spring market around the corner, now is the time to get ahead of the competition!

📩 Thinking of buying or selling? Let’s chat! Text ‘HOME’ to 408-857-7789 or send me a DM to discuss your real estate goals.

📞 Let’s Connect!

Damaris Dover
#1 REALTOR® on Social Media in San Jose, CA
📞 408.857.7789
📧 [email protected]
🌐 www.damarisdover.com
Lic.01929839

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