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 211 active listings and 83 sale pendings with 29 closed sales for the month of March
Gilroy has 212 active listings and 202 sale pendings with 55 closed sales for March
San Martin has 39 active listings and 16 sale pendings with 3 closed sales for March
Area 1 (all of the above) has 460 active listings and 301 sale pendings with 87 closed sales in March
Inventory continues to decline but pending sales are on the increase and closed sales have also improved. Short sales, which seem to take forever, are complicating the numbers. It’s hard to tell what is actually selling and who’s sitting around waiting to hear from the lender.
Stay tuned for regular updates!