San Jose's housing market saw a 2.9% increase in active listings, surpassing the national 2.1% rise, but supply remains tight with just over 2,000 homes available. New listings rose 10.4% locally, contrasting with a national decline. Median list price dropped 2.0% to about $1.35M, still over three times the national median. Price cuts were rare at 15.2%. Homes sold in 40 days on average, slower than last year but faster than the national 57 days.