Monthly Market Statistics for San Luis Obispo County.

Though our market is very robust all around, it’s still favoring sellers. If you’ve been thinking about listing your home, now’s the time to act. Want to sell your Home? Get a FREE home value report. Want to buy a home? Search all homes for sale. The numbers from last month’s MLS are in, so how’s the San Luis Obispo County real estate market faring? I’m pleased to report that our market is still very robust. Due to the lack of inventory, the number of homes for sale in the county is down 8%, and the number of homes that have already sold is down 12% over the previous month. However, the number of homes that are in a pending status is up 10.7%. Watch for those homes to close soon and be included in next month’s “sold” category. The average price per square foot of a home is down 5%, which means that there may be a slight correction coming, but homes are selling quicker and the average days on market is down 11.3%. Although it’s up slightly from the previous month, there’s still only a 3.2 month’s supply of inventory. “ The numbers show that we’re still firmly in a seller’s market. ” In reviewing these numbers, it seems like the housing crisis is finally in the rearview mirror. There may be a correction here and there, but overall this has been and will continue to be a great year for real estate. However, there is one thing that may cause the industry to tap the breaks, and that’s a lack of inventory. If you’re debating whether or not to put your home on the market this year, now is the time to take advantage of the buyer demand. If you’re interested in knowing what your home or a home you’re interested in buying is worth, please feel free to visit our home valuation website or just give me a call. I’d love to talk with you!