Monday, December 22, 2008
Monday Morning Update
Good morning South County! Here are your weekly updates on what is happening in your neighborhoods. Feel free to contact me if you want more specific information. As of this week:
Morgan Hill has 248 active listings and 60 sale pendings
Gilroy has 309 active listings and 154 sale pendings
San Martin has 43 active listings and 8 sale pendings
Area 1 (all of the above) has 581 active listings and 219 sale pendings
Inventory is continuing to go down which is typical for this time of year but sales are actually inching up on a regular basis all month long.
Interesting – Last year there were 663 active listings in Area 1 with only 50 sale pendings – ugh! It might still be a hard market but movement has definitely improved since last year.
Stay tuned for regular updates!