Fri Dec 06 2019
This week the median list price for Morgan Hill, CA 95037 is $1,000,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has held steady at or around 93.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,000,000|
|Per Square Foot||$443|
|Days on Market||92|
|Slight Seller's Advantage|
Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,599,999||3,401||0.5 - 1 acre||4||4||24||0||5||123|
|$1,148,888||2,742||6,500 - 8,000 sqft||4||3||22||0||4||92|
|$950,000||2,165||6,500 - 8,000 sqft||4||3||37||0||3||87|
|$778,500||1,534||6,500 - 8,000 sqft||3||2||33||1||3||65|