fbpx
Whitelaw and Sons Real Estate Morgan Hill
reaching your real estate goals

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%!

 

Check Out The Last Show!

NAR SETTLEMENT

NAR Settlement – For Buyers and Sellers

The NAR settlement, once it is approved, is set to go into effect in the middle of July 2024. This will completely change how Buyers agent are compensated and we can count on chaos while the systems adjust to the new reality.

Get Your FREE Home Value Estimate!

Just enter your address and get access to your instant home value estimate, but also amazing tools to evaluate refinance options, your equity, ways to levarage your homes equity, how to pay your home off faster… and so much more!

Schedule A Consultation With Robert!

 

Let's Talk About Achieving Your Real Estate Goals!

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join to get access to the best information on our local real estate markets, important real estate news, insights, information and tips on how to realize your real estate goals!

You have Successfully Subscribed!

Pin It on Pinterest

Feel Like Sharing?

Share this with your friends and followers on social media!