San Jose Affordable Listings Double to 330, Buyers Return
Increasing Supply's Impact on Affordability In an era of relentless housing market pressures, the surge in affordable listings in San Jose presents both a reprieve and a challenge. By doubling affordable units to 330, the modest bump in market inventory introduces new supply dynamics. This enhances buyer accessibility to a traditionally high-cost market. Existing demand remains substantial despite recent cool-offs, further inviting competition. This shift results in a 3.8% median price drop year-over-year, now at $1.3 million as of July 2025. Despite such price adjustments, the overall impact on affordability remains constrained. Only about 20% of Santa Clara County households can acquire median-priced homes. Variable pricing across neighborhoods—from $519,000 in entry-level areas to $3.4 million in upscale sectors—underscores diverse buyer experiences. Additionally, the influence of institutional buyers purchasing a significant share of starter homes is a key factor driving mark...