Curious of what is going on in the Gilroy / Morgan Hill / San Martin Real Estate during the month of May along with a year over year comparison? Here is the real estate market report for May 2016.
Gilroy / Morgan Hill / San Martin Real Estate Activity for May 2016 vs May 2015
In May 2016 there were 106 homes that closed during the month in Gilroy / Morgan Hill / San Martin. This is 6 less than May 2015.
- The average sale price for homes that closed in May 2015 was $799,920
- The average sale price for homes that closed in May 2016 was $727,000
- The average Days on the market (DOM) for the homes that closed in May 2015 was 29 days.
- The average Days on the market (DOM) for the homes that closed in May 2016 was 27 days.
- The total amount of volume for the homes that closed in May 2015 was $89,591,024
- The total amount of volume for the homes that closed in May 2016 was $87,507,888
Homes Under Contract in Gilroy / Morgan Hill / San Martin for May 2016
There were a total of 106 homes that were under contract or sale pending through June 1st, 2016. The average market time for these 106 homes was 46 days. The average list price for these homes under contract was $832,688
Current Gilroy / Morgan Hill / San Martin Real Estate for Sale Inventory Levels
There are currently 196 Homes on the market in Gilroy / Morgan Hill / San Martin. The average list price is $934,000. The average market time for these homes is 60 days. Homes in this community are selling in 30-35 days, if priced properly. The market absorption rate, as of June 1st, 2016 was 2.22 in Gilroy / Morgan Hill / San Martin. This means that if no other home in Gilroy / Morgan Hill / San Martin were put on the market, it would take 2.22 months to deplete the remaining homes on the market. How can both buyers and sellers have an advantage in the real estate market? Employ the services of a local real estate agent who has vast knowledge and experience of the market.
The above statistics are only for single family homes and do not include condominiums or multi-family homes.
Find Gilroy / Morgan Hill / San Martin Homes for Sale
For a complete list of available real estate, homes and ranches in the area, visit Gilroy / Morgan Hill / San Martin Real Estate for Sale. Make sure to subscribe to our blog so you do not miss out on any Hollister homes. Contact us to find out what your home is worth and to discuss your housing needs.
Other May 2016 Real Estate Market Reports
- San Benito County CA Real Estate Market Report May 2016
- Hollister CA Real Estate Market Report May 2016
- Ridgemark CA Real Estate Market Report May 2016
- San Juan Bautista CA Real Estate Market Report May 2016
- Aromas CA Real Estate Market Report May 2016
- Gilroy / Morgan Hill / San Martin CA Real Estate Market Report May 2016
About Seth Muenzer’s Real Estate Blog: The above article “Gilroy / Morgan Hill / San Martin Real Estate Report – May 2016” is hosted by the Seth Muenzer, the owner of www.sethmuenzer.com. a leader in the field of Real Estate sales, marketing, and social media marketing. If you’re thinking of selling or buying, I would love to share my knowledge and expertise.
Servicing the following San Benito County areas: Hollister, Ridgemark, Tres Pinos, San Juan Bautista, Aromas as well as Santa Clara County, Gilroy, San Martinand Morgan Hill.
Data Provided By MLSListings
