How's the Real Estate Market in San Jose's Almaden Valley Area?
By Mary Pope-Handy, CRS, CIPS, ABR, SRES, Silicon Valley
(Christie's International Real Estate Sereno)
How's the market? In the Almaden Valley area of San Jose, there are mixed signs. Let's have a look at the absorption rate to begin our analysis of the San Jose real estate market in the Almaden Valley area (zip code 95120). The absorption rate is the rate at which homes are selling. It factors in the current inventory vs the closed sales for any given period of time. It could be months, weeks, or even days of inventory. If no new homes were to come on the market and properties continued selling at the current rate, how long would it take this pool of homes to sell off? That's what the absorption rate, or months of inventory, reflects. There's one disclaimer with the data as charted below. It relies on that ratio between current inventory and closed sales in any given period (in this ca...
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