3 ms·
Prices are definitely softer than they were a year ago, but they appear to have flattened. Note: Summer of 2018 was the highest. Prices reached euphoric levels
by lovfishing77 7y ago
Prices are definitely softer than they were a year ago, but they appear to have flattened. Note: Summer of 2018 was the highest. Prices reached euphoric levels as people overbid on homes. I'm not certain many of those buyers will recover those costs anytime soon.
Here's the median sale price from Trulia:
https://www.trulia.com/real_estate/San_Jose-California/market-trends/ https://www.trulia.com/real_estate/San_Jose-California/marke...
We've also done some analysis on home prices in the popular cities. Compared to 6 months ago:
Fremont
https://agentsunlocked.com/trends/Fremont https://agentsunlocked.com/trends/Fremont
Single family homes in the 1500-2000 sqft range are down by about 1%
San Jose
https://agentsunlocked.com/trends/San-Jose https://agentsunlocked.com/trends/San-Jose
San Jose is up by about 2%
Palo Alto
https://agentsunlocked.com/trends/Palo-Alto https://agentsunlocked.com/trends/Palo-Alto
Up by 4%. Inventory in PA is usually quite thin.
San Francisco
https://agentsunlocked.com/trends/San-Francisco https://agentsunlocked.com/trends/San-Francisco
SF is flat.
- sjg007 7y agoA recession resulting in job losses in tech would probably drop house prices. Still at 1.5 million there’s a long way to decline.