Market Intelligence Report — CA-940

San Jose-Sunnyvale-Santa Clara, CA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-CA-08
As of the latest 2026 data
Stabilizing

Median Listing

$1.35M
-2.1% YoY

Pending Ratio

0.46
-7.1% YoY

Active Inventory

1,981
+9.0% YoY

Median DOM

36 Days
-10.0% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's stabilizing San Jose-Sunnyvale-Santa Clara market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across San Jose-Sunnyvale-Santa Clara, CA.

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The San Jose-Sunnyvale-Santa Clara metropolitan area is currently stabilizing, with a pending ratio of 0.46 indicating a balanced absorption rate of available supply. Active listings have expanded by 9.0% year-over-year, suggesting a moderation in market dynamics.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.1%-0.6 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

1.98M+0.4% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

299-52.0% YoY

Building permits (private housing units) · Jul 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the San Jose-Sunnyvale-Santa Clara market right now.

Inventory levels have increased, with active listings up 9.0% and new listings rising by 16.6% over the past year. Concurrently, the median listing price has experienced a modest decline of 2.1% year-over-year. The pending ratio has contracted by 7.1% year-over-year, reflecting a more measured pace of demand absorption compared to the prior period. Median days on market have decreased by 10.0% year-over-year, while the share of price-reduced listings saw a marginal increase of 0.1%.

Historical Analysis

Market Trends

Median Price

$1.35M+0.1% MoM

Active Inventory

1,981+9.0% YoY

Days on Market

36-10.0% YoY

Sold Score™

63-7.1% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

63
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.46, the market exhibits a more measured pace, reducing acute inventory pressure. The increase in active listings suggests a broader selection for demand, potentially requiring greater price discipline from sellers. Negotiating leverage is becoming more balanced as supply increases relative to demand absorption.

Luxury Segment

The average listing price in the market has declined by 7.3% year-over-year, while the median listing price has seen a more contained decline of 2.1%. This discrepancy, alongside a year-over-year decrease of 1.3% in median $/sqft, suggests some softening within the higher-priced segments of the market.

Supply Dynamics

1,981 active listings represent the current floor, with new supply arriving at roughly 1,292 per month.

Pricing Pressure
14.5%

of active listings carry a price reduction, +0.1% from prior period.

$/Sq Ft
$1K

Median price per square foot has moved -1.3% year-over-year.

Absorption
0.46

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in San Jose-Sunnyvale-Santa Clara, CA? Homes here are taking 4 days less to sell than last year.

San Jose-Sunnyvale-Santa Clara, CA is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
46%
Median Days on Market
36 days
Inventory YoY
+9%

San Jose-Sunnyvale-Santa Clara, CA is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
San Jose-Sunnyvale-Santa Clara, CA
CBSA Code
41940
State
CA

ZIPs in San Jose-Sunnyvale-Santa Clara, CA

Sorted by active inventory · click a ZIP for its full report