This month’s average sales price (approximately $960,000) is roughly 26% higher than 11/14’s average price of $760,000.
You will also notice that the average price spiked in 9/15 at roughly $1,010,000.
Now is a great time to buy a home in Morgan Hill: the ratio of prospective buyers-to-available homes is a little more balanced; the interest rates are still South of 4.0%; and, the short commute into San Jose is very manageable.
It is also a great time to sell your home: it worth more now than in the last 10 years.
For both prospective buyers and hopeful sellers, a sale NOW will get you settled in before Christmas and for the start of the mid school year.