Single Family Homes and Condos in Morgan Hill - Snapshot July 2012

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Real Estate Agent with Summit Realty Group CA BRE# 01839597

Single Family Homes and Condos in Morgan Hill - Snapshot July 2012

Home values in Morgan Hill continue to outpace home values in Gilroy. The number of distressed properties offered for sale is down again this month to only 15%. Single Family homes in Morgan Hill less than $500,000 have the highest percentage of distressed properties (44%) followed closely by condominiums in inventory in Morgan Hill (40% distressed).

Absorption rate in Morgan Hill is about 4 months indicating a sellers' market.

Inventory in Morgan Hill is down; the number of homes listed over $1 million increased to 28.

Single family homes and condos for sale in Morgan Hill

 

single family homes and condos in escrow in Morgan Hill

Fewer single family homes and condos sold in Morgan Hill California in July.

single family homes and condos sold in july 2012 in  Morgan hill ca

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Anja K. Kerstens
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DRE#01839597 

Summit Realty Group
 

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