The Morgan Hill Real Estate Market Is Doing Well – Compared to San Jose and Santa Clara county.

Sales Price.

While average sales price is up compared to the same time last year, it is below the average list price.

Inventory Grows.

We are continuing to see more homes listed than sold. This just adds more homes to the existing inventory. So each month, buyers have more homes to choose from and sellers have more competition.

What About Other Areas.

Santa Clara County.

The county overall actually saw a decrease in the average sales price when compared to last year!

San Jose.

Just as we saw with Santa Clara County, San Jose also saw the average home price drop – by an even greater amount than the county overall did!

Gilroy.

Gilroy is currently the standout with average sales prices in this city up by nearly 19%!