San Jose home listings jump 64% from a year ago as October sales fall and prices dip

SAN JOSE — San Jose had far more houses for sale in October than a year earlier, and fewer of them sold, according to monthly figures compiled by Information Designs from MLSListings, the local multiple listing service.  Active single-family listings rose to 519 from 316 in October 2025, up 64%.

Closed sales fell 18%, to 277 from 337.  The median sale price, the midpoint of homes that closed, was $1,615,000, down 0.9% from $1,630,000 a year earlier and down from $1,650,000 in September.  Houses still sold for 101.7% of list price, compared with 103% a year earlier, and spent 27 days on the market, up from 22.

At October’s pace, selling every listed house would take 56 days, double the 28 days a year earlier.

Condos fell harder:  the median was $720,000, down 12.5% from $823,000, with 365 listed, up 19%.  Across Santa Clara County, the resale single-family median rose 6% from a year earlier, the report says.

Freddie Mac’s average 30-year mortgage rate was 7.18% for the week of Nov. 5, up from 6.22% a year earlier.

The figures cover one month of MLS sales, and a few sales can move a median.  Sale prices differ from asking prices and county assessed values.

Source:  Information Designs/MLSListings, San Jose single-family report, October 2026; condo report; Freddie Mac Primary Mortgage Market Survey, Nov. 5, 2026.