Sales in the San Jose market hit their lowest level since April. For the prior 30-day period, there were 645 homes sold, a drop of 4.4%. During the same time frame, Fremont had the most of any other neighboring municipalities with 210 sales. While sales were soft, months of inventory were further reduced to one, extending a downward trend to four weeks. With inventory so low in San Jose, it's still a solid seller's market, despite the shrinking sales numbers.
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