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Morgan Hill Real Estate Market Report – September 2022

by | Oct 27, 2022 | Market Analysis, Morgan Hill Market Reports | 0 comments

Robert Whitelaw, Realtor®

Robert Whitelaw, Realtor®

Published:Oct 27, 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 saw a big jump in the number of homes with reduced prices in September.

Sales Price.

While average sales price is up compared to the same time last year, it continues to be below the average list price. That price growth is slowing and if the market keeps the pace it is going now, prices will be dropping year over year soon!

Inventory Grows.

The trend of growing inventory for Morgan Hill real estate continues. As long as we keep selling fewer homes than we list, that inventory will just continue to grow.

What About Other Areas.

Santa Clara County.

For yet another month – I believe this makes it 3 months in a row – Santa Clara County real estate has seen a drop in average sales price year over year!

San Jose.

San Jose saw the one of the lowest increases in average sales price when compared to the same time last year – at a 3.6% increase.


Gilroy is currently the standout with average sales prices in this city up by 18.3%! It could be a result of higher demand as buyers move to the more affordable markets.


Check Out The Last Show!


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.

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