Mary Pope-Handy's Market Report

Morgan Hill, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Morgan Hill, CA

Mon Jun 17 2019
This week the median list price for Morgan Hill, CA is $1,162,500 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has held steady at or around 104. 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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Morgan Hill, CA

Mon Jun 17 2019
This week the median list price for Morgan Hill, CA is $1,162,500 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has held steady at or around 104. 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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,162,500
Per Square Foot $464
Days on Market 48
Price Decreased 32%
Price Increased 1%
Relisted 6%
Inventory 104
Median House Rent $3,800
Most Expensive $5,978,000
Least Expensive $325,000
Market Action Index
Strong Seller's Market
48

Though this week saw relatively little price change from last week, the market seems to be show some signs of strength. 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
$1,921,441 3,622 1 - 2.5 acres 4 3 21 4 2 80
$1,369,444 3,118 0.25 - 0.5 acre 4 3 19 1 3 36
$1,032,587 2,396 8,000 - 10,000 sqft 4 3 29 5 2 33
$832,000 1,552 4,500 - 6,500 sqft 3 2 28 5 4 42