City of San Jose issued the following announcement on Dec. 17
The Q3 2020 San José Housing Market Report is now available for your review. As of October 1st, average effective multifamily rents had fallen 2.9% since Q2 and 4.8% since last year at this time. Vacancy rates for Class A apartments are unusually high at 16.3%, while vacancy rates for lower-rent apartments are far lower at 5.2 to 5.5%. Median single family home sales prices rose 5% since Q2 and 16% since this time last year, with only 19% of San José's homes affordable to median-income households. See more information in the Q3 Market Report.
Original source can be found here.
Source: City of San Jose
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