This week the median list price for Los Gatos, CA is $2,349,000 with the market action index hovering around 43. This is an increase over last month’s market action index of 40. Inventory has held steady at or around 72.
Market Action Index
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
Slight Seller’s Advantage
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
If you would like a full market analysis for your home or to understand the trends in your buying search, please contact the Myrick Estates Team today!