How’s the Market? Here is your real-time market trend data for Morgan Hill for the week of October 18, 2017
The median list price in MORGAN HILL, CA this week is $1,074,035
The Market Action index has been trending down lately, while days-on-market is climbing, providing mostly bearish signs 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 continues.
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!