This week the median list price for Los Gatos, CA is $2,298,500 with the market action index hovering around 44. This is an increase over last month’s market action index of 42. Inventory has held steady at or around 82.
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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
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!