Welcome to June 2022 and our Morgan Hill real estate market report for June 6, 2022. This report looks back over the last 30 days to get some perspective on the key pieces of real estate information for our market.
Once again we take a look back at all the important real estate news, inventory and sales to get a handle on what is happening in our local market. As with all Coffee & Real Estate get togethers, we will sift through the latest numbers for Morgan Hill, San Jose and Santa Clara County.
Supply And Demand Are Calling The Shots – Nationally And For Morgan Hill Real Estate. It’s the old supply-and-demand predicament: Home sales in the U.S. continue at a rapid pace, but the availability of listings is still far below demand. Supported by historically low mortgage rates, buyers keep shopping for homes, reducing the available inventory and sparking a rise in home prices across the country.