Maurie McGuireCurrent Real Estate Market Conditions for the city of Santa Barbara.
The median list price in SANTA BARBARA, CA this week is $2,199,000. The 423 properties have been on the market for an average of 133 days.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Supply And Demand- The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Market Profile for City of Santa Barbara; week of Sep 10
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Median Price – The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.
Inventory of Properties in Santa Barbara – Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
Average Days on Market – The properties have been on the market for an average of 133 days. Half of the listings have come newly on the market in the past 84 or so days.
Inventory of Properties Listed for Sale- Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
