With a confirmed downward trend of new sellers listing homes, including 43 over the last 30 days, and sales that remained flat at 41 in that same time frame, the Gilroy market will be cooling. Prices are rising in Gilroy, and the median sales price this period increased from $634,000 to $655,000. Despite the flat sales, a relatively low two months of inventory remaining indicates that Gilroy is a definite seller's market.
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