San Jose Real Estate Market Update May 2017

http://www.PedroRomero.co

Pedro M Romero of Coldwell Banker The Professional Group details the updates to the San Jose Real Estate Market for the month of May.

To discuss the sale of your home call Pedro Romero at (408) 482-5064.

Glossary of Terms:

Average Days On Market (DOM): The average marketing time it has taken properties to sell.

Median Price: Sale Price that is midway between the least expensive and most expensive properties. Half of the properties sold for more than the median price and half the properties sold for less than the median price.

Months Of Inventory: The amount of time it would take to sell all current listings at the current sales pace if no new listings became available. Number of active OR pending (ie: on market) listings for the month / Number of closed sales for the month.

Sales Price to List Price Ratio: The percentage of the list price that buyers ultimately paid for the property.

Тэги:

#San_Jose_Real_Estate_Market #Pedro_M_Romero #Pedro_M_Romero_Realtor #Coldwell_Banker_The_Professional_Group

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