How’s the Market? Here is your real-time market trend data for Los Gatos for the week of October 18, 2017
The median list price in LOS GATOS, CA this week is $2,199,000.
Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
Supply and Demand
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this 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!