Real Estate Market Report - San Jose, CA (Dec, 2023)

The median sale/list price for the given data shows a fluctuation in prices between different months and years. The median sale price for December 2022 is $1,199,000 and it decreases in January, February, and May 2023. However, it increases in March, April, June, and July while remaining stable in August, September, October, and November 2023. The median sale/list price for December 2022 is $1,180,000 and it increases gradually until June 2023 before declining in July, August, October, and November 2023. The highest median sale/list price is recorded in June 2023 at $1,400,000.

The median sale price per square foot has been steadily increasing from December 2022 to May 2023, with a peak of 790.598 in May. However, there was a slight dip in June and July before rising again in August. The overall trend seems to be on an upward trajectory, with the median sale price per square foot reaching 777.084 in November 2023.

From December 2022 to February 2023, the median sale price to list price ratio increased gradually from 0.985 to 1.002, indicating that properties were selling closer to their list price. However, from March to June 2023, the ratio saw a significant increase from 1.006 to 1.039, suggesting that properties were selling for more than their list price. From July to November 2023, the ratio decreased slightly but remained above 1, indicating a seller's market.

The first dataset shows a consistent increase in the number of properties sold/listed from December 2022 to November 2023, with the highest peak in October 2023 at 905. The second dataset, however, shows a decline in the number of properties sold/listed since May 2023 with the lowest point in November 2023 at 388.