Unlocking June's Real Estate Insights: Your Santa Barbara Market Recap
Your exclusive Santa Barbara housing market update!
The market remains vibrant with 108 new listings, though this marks an 11% decrease from last year. Despite fewer new listings, the number of active listings has surged to 198, a substantial 30% increase. This indicates a healthy level of inventory for prospective buyers.
Sold listings have also seen a modest increase of 3%, totaling 77 transactions. Notably, homes are selling faster, with the median number of days to sell dropping to 12, an 8% improvement. This swift turnaround highlights the strong demand and competitive nature of the market.
In terms of pricing, the median sale price is holding firm at $2,125,000, while the median list price stands at $2,250,000, reflecting a slight 3% adjustment. Meanwhile, pending listings are at 75, showing a 6% decline.
These figures collectively illustrate a robust market with increased activity and stable pricing, signaling continued confidence in Santa Barbara's real estate landscape.
For personalized insights or any specific questions about the market, feel free to reach out to me directly. I am here to provide you with the detailed guidance you need to navigate your real estate journey.
As your neighborhood real estate expert, I'm on hand to help you navigate through these exciting times. Got a question? Need some advice? I'm just a call and/or a message away. I am looking forward to learning more about how I can support your real estate goals on a timetable that’s convenient for you and your family.
