Mary Pope-Handy's Market Report

Morgan Hill, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Morgan Hill, CA

Sat Aug 17 2019
This week the median list price for Morgan Hill, CA is $1,180,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 119. Click here to stay informed with the Morgan Hill market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Morgan Hill, CA

Sat Aug 17 2019
This week the median list price for Morgan Hill, CA is $1,180,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 119. Click here to stay informed with the Morgan Hill market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,180,000
Per Square Foot $447
Days on Market 72
Price Decreased 48%
Price Increased 3%
Relisted 8%
Inventory 119
Median House Rent $3,675
Most Expensive $5,978,000
Least Expensive $325,000
Market Action Index
Slight Seller's Advantage
38

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,849,505 3,595 1 - 2.5 acres 4 4 27 1 3 101
$1,299,000 3,109 8,000 - 10,000 sqft 4 3 18 2 5 62
$1,034,500 2,573 6,500 - 8,000 sqft 4 3 34 3 3 67
$834,999 1,587 4,500 - 6,500 sqft 3 2 34 2 5 57