San Jose s population is 2.0M, with a total workforce of 1.1M. The labor market grew by 6,100 jobs over the past year, up by 0.5%. The median household income in San Jose is $129,456, 3.8% higher than last year and 104.9% above the national average of $63,179.
In the housing market, total permits issued totaled 6,240 over the last twelve months, down -28.7% year-over-year. San Jose has 60 active new home projects on the market, 10.4% fewer than the 67 from last year. The average list price in the market is $759,571, 14.2% lower than last year and 136.3% above the national average. Over the last three months, new home contracts increased by 23.7% to 684. Hollister and San Jose had the highest concentration of the new home contracts in the San Jose market.
