The Los Gatos market warmed up in this week's report, as the number of home sales rose 16.1%, pushing the total to 36 homes sold over the last 30 days. Within the same time frame, San Jose had 645 sales, the most of all cities in the area. Prices are rising in Los Gatos, and the median sales price this period increased from $1,459,000 to $1,464,500. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Los Gatos is a definite seller's market.
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