Price reductions tend to occur when:
- A home has been on the market for an extended period of time with little activity
- The sellers are motivated to sell quickly & are paying attention to changing market dynamics
- The seller wants to avoid paying a double mortgage
Great, desirable homes often stay on the market longer than they should but as soon as the list price drops, they do not last long at all.
With that being said, I compiled a list of 9 homes in San Jose with recent price reductions that I think you’ll love.