Mary Pope-Handy's Market Report

Morgan Hill, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Morgan Hill, CA

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. Click here to stay informed with the Morgan Hill market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Morgan Hill, CA

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. Click here to stay informed with the Morgan Hill market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,005,215
Per Square Foot $442
Days on Market 93
Price Decreased 44%
Price Increased 4%
Relisted 6%
Inventory 94
Median Rent $3,248
Most Expensive $5,978,000
Least Expensive $325,000
Market Action 36
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.

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
$1,599,999 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