Morgan Hill - December 2006 - Real Estate Market Analysis
By Robert Whitelaw, Broker, CEO, Realtor , ePro
(Whitelaw & Sons Real Estate Services)
December saw some welcome changes for the real estate market in Morgan Hill. We saw increases in the number of homes that sold compared to the same time last year. In the long term picture, the market is still not as strong as we have seen in previous years. We have also seen the average price drop compared to the same period last year. This breaks the home price increase trend we have seen since 2002. In general the news is fairly good and gives us a good point from which to move into the new year. If the numbers remain relatively stable in the next few months, the seasonal boost of summer may mark a recovering market. Take a look at all the numbers for the full story. Supply and Demand As we usually do, lets start our look at Morgan Hill real estate for December 2006 with an exam...
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