Fri Dec 06 2019
This week the median list price for Morgan Hill, CA is $1,005,215 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 94.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,005,215|
|Per Square Foot||$442|
|Days on Market||93|
|Slight Seller's Advantage|
Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.
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||2,785||6,500 - 8,000 sqft||4||3||22||0||5||101|
|$965,000||2,166||6,500 - 8,000 sqft||4||3||35||0||2||83|
|$778,500||1,534||6,500 - 8,000 sqft||3||2||33||1||3||65|