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Whitelaw and Sons Real Estate Morgan Hill
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Morgan Hill Real Estate Market Report – August 2022

by | Sep 15, 2022 | Market Analysis, Morgan Hill Market Reports | 0 comments

Robert Whitelaw, Realtor®

Robert Whitelaw, Realtor®

Published:Sep 15, 2022

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate throughout Santa Clara County. Robert uses his local market knowledge to help clients across Silicon Valley!

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%!

 

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