This Week – The median list price in LOS GATOS, CA this week is $2,198,000. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
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.
Price – The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.