How’s the Market? Here is your real-time market trend data for Morgan Hill for the week of January 1, 2018
Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively
negative implications for the market.
Supply and Demand
Home sales continue to outstrip supply and the Market Action Index
has been moving higher for several weeks. This is a Seller’s market
so watch for upward pricing pressure in the near future if the trend
The market is hovering around this plateau. Look for a persistent
change in the Market Action Index before we see prices deviate
from these levels.
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!