How’s the market? Here is your real time market trend data for Morgan Hill for the week of March 5, 2018
Demand measured by the Market Action Index is increasing and
days-on-market is trending downward. Even as more properties
come available, these are positive trends for the market.
Supply and Demand
The market has been cooling over time and prices plateaued for a
while. Despite the consistent decrease in MAI, we’re in the Seller’s
zone. Watch for changes in MAI. If the MAI resumes it’s climb, prices
will likely follow suit. If the MAI drops consistently or falls into the
Buyer’s zone, watch for downward pressure on prices.
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!