February Market Recap

Happy March!

Thank you for taking the time to read this letter as I am very pleased to share the Santa Barbara real estate market update for the month of February. The real estate market here in Santa Barbara is incredibly strong! We saw a higher median sold price than in 2021 as well as fewer number of days a home was on the market. Sellers continue to receive multiple offers in this competitive market with a complementary rent back.

As of now, here in Santa Barbara, we have less active listings on the market from what we normally see which creates an awesome opportunity to get the most money for your property. In terms of new listings entering the market, we had fewer in the month of February, however, more listings are expected to enter the market in 2022. The real estate market here in Santa Barbara remains vibrant along with the housing inventory level being at an all time low.