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San Jose Real Estate Sept 2022

San Jose Real Estate Market Report – September 2022

by | Oct 30, 2022 | Market Analysis, San Jose Market Reports | 0 comments

Robert Whitelaw, Realtor®

Robert Whitelaw, Realtor®

Published:Oct 30, 2022

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate throughout Santa Clara County. Robert uses his local market knowledge to help clients across Silicon Valley!

The San Jose real estate market is seeing lots of price reductions – but that might be the tip of the iceberg.

Sales Price.

After last months DROP is sales price for San Jose real estate, this month we logged an increase of 3.6%. This while Santa Clara county continues to see year over year drops. In September, Santa Clara County saw average prices drop by 2.1%

Inventory Grows.

The San Jose real estate market had a 20% increase in inventory when compared to the same time last year in September. That is twice as much inventory growth as the county saw overall.

What About Other Areas.

Santa Clara County.

The county overall actually saw a decrease of 2.1% in the average sales price when compared to last year! For more, check out this months “Coffee & Real Estate Live Chat” where we compared San Jose to the county and other communities.

View The October Coffee & Real Estate


Gilroy had the highest inventory growth but also saw the greatest increase in average sales price. This is interesting when considering how nearly half of all Gilroy homes on the market saw a price reduction in August.

Morgan Hill.

Morgan Hill saw inventory grow by 35.7% but also had less of a decline in new listings than San Jose. However, Morgan Hill also saw an average price increase of 12.4%.


Check Out The Last Show!


NAR Settlement – For Buyers and Sellers

The NAR settlement, once it is approved, is set to go into effect in the middle of July 2024. This will completely change how Buyers agent are compensated and we can count on chaos while the systems adjust to the new reality.

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