A strong seller market, but a more interesting one than the headline number suggests.
The median sold price rose 7.9% month over month to $1,441,000. Homes went pending in a median of 9 days at 104.6% of list price. The Market Action Index reads 60.
Underneath that, two counter-currents. Inventory is up 36% year over year to 1.89 months, and 20% of active listings have already dropped price. Prices peaked around $1.5M in early 2022 and have been broadly flat since, which is why a strong monthly move and a flat multi-year line can both be true at once.
April 2026 at a glance
The full San Jose report
Why there are two correct price tags, price per square foot, the inventory story, segments by price tier, and speed and competitiveness.
This dispatch is a summary. The complete piece is published on harvrealtor.net.
Sources: RPR and Altos Research. Information deemed reliable but not guaranteed. Harv Balu, REALTOR®, DRE #02195792, REALTY EXPERTS®.