The $1.6M Average: Why San Jose is America’s Most Expensive City | KTVU | Michelle Elliott Realtor

Navigating the San Jose Real Estate Market: Insights from Expert Michelle Elliott! 🏡 San Jose is the most expensive real estate market in the country, with median home prices soaring past $1.6 million. But is a slowdown coming? Real estate expert Michelle Elliott shares her latest analysis on KTVU, covering the key drivers for high prices—like "return to office" policies at major peninsula employers—and what it takes to buy a home here. For Buyers: Learn why the $1.6 million average price in San Jose is "relatively inexpensive" compared to $2 million-plus cities like Sunnyvale, Cupertino, and Santa Clara. Michelle breaks down who is buying (mostly tech workers putting more than 40% down), the softening condo market as a "property ladder" opportunity, and why the "second best time" to buy a home is today. Discover where bidding wars are still happening (moving-ready homes with the most upgrades) and where you might find a chance to negotiate (properties needing a little love). For Sellers: Hear why prices are not dropping yet, with sellers getting an average of 102% of asking price in the last month. Understand the impact of increasing average days on market (DOM) and why San Jose's market, with its great jobs and proximity to the airport, is unlikely to hit a ceiling anytime soon. Whether you're a first-time buyer facing a $1.5 million average price point or a seasoned seller, I can help offer the expert insight you need to make your next move in San Jose! 📞 READY TO MAKE A MOVE or HAVE MORE QUESTIONS ABOUT THE MARKET? Let’s chat about your home’s value and your selling goals for 2025! 🤳🏽 [email protected] | https://michelleelliottrealtor.com/ Recorded 7/31/2025 #SanJoseRealEstate #SiliconValleyHousing #RealEstate2025 #BayAreaHomes #HousingMarketUpdate #MovingToSanJose #ZillowPredictions #sanjoserealtor #willowglenrealtor #japantownsanjose #michelleelliott #MichelleElliottRealtor #SouthBayHomes #SiliconValleyLiving #SanJoseCA #DowntownSanJose #BayAreaHousing #HousingMarket2025 #RealEstateTrends #MarketUpdate #ZillowHottestMarkets #HomeValue #RealEstateInvesting #SellerMarket #FirstTimeHomeBuyer #CondoLiving #HomeBuyingTips #SanJoseLuxury #HouseHunting #RealEstateExpert