Harv Balu's blog

The Milpitas housing market just posted its August 2026 numbers. Buyers came back in force, supply tightened, and yet homes sold at about their asking price, not far over it. Here is where things stand for single family homes, citywide.

• Median sold price: $1,775,000, up 6.3% from July, on just 10 closed sales.
• But price per square foot fell 8.4% to $932, the lowest since early 2024 on RPR's chart. With so few sales, the higher median most likely reflects which homes closed, not a citywide jump in value.
• Buyers returned: 21 homes went into contract, nearly double July's 11, while active...

The Newark housing market just posted its August 2026 numbers. The median sale jumped, but price per foot fell again, and those two moves tell different stories if you are buying or selling. Here is where things stand for single family homes, citywide.

• Median sold price: $1,465,000, up 10.6% from July.
• But price per square foot fell 10.7% to $708, a third straight monthly drop. The higher median most likely reflects larger homes trading, not a citywide jump in value.
• Closed sales softened: they averaged 99.4% of list, just under asking, after a median of 27 days on market, up from 18....