Unlocking November’s Real Estate Insights: Your Santa Barbara Market Recap

In November, we saw a positive shift in the Santa Barbara housing market. A total of 64 properties sold, which represents a 27% increase compared to last year. We also welcomed 65 new homes to the market, an 8% increase from the same time last year. Additionally, 67 properties went under contract, reflecting a 23% rise year-over-year. Homes are moving quickly, with the median days on the market before going under contract at just 12 days—an 8% increase from last year.

The median sale price for single-family homes was $1,950,000, which is 10% lower than this time last year. The inventory of available single-family homes has risen to 193, a 22% increase compared to last year.

Despite the uncertainties surrounding the presidential election, we’ve seen steady activity, and it’s clear that buyers and sellers are cautiously moving forward. As we head into the final month of the year, it will be exciting to see how the market evolves. Notably, the first 10 days of December have already seen $82,500,000 in real estate sales.

If you're looking to navigate the housing market with clarity and confidence, ensuring you make the best decisions in this ever-changing environment, I’d be happy to connect with you. Let’s discuss how I can support you throughout the process, helping you every step of the way.