One of the most asked questions I get is, So how’s the real estate market?
I won’t bore you with all the numbers, I’ll just mention some of the highlights…
So, for the month of November
Total sales were:
83 homes and 40 condos, for a total of 123 properties sold.
The median price for a home was $1,275,000 which is a 19% increase over 2018 and the median price for condos was $665,000 which is 2% more than in 2018.
The average days a property was on the market were 79 for homes and 62 for condos.
Current inventory level is at 3.77 months, which indicates its still a seller’s market
We continue to see’s strong sales across all price points from Goleta to Carpinteria and are still experiencing multiple offers over asking in some cases, which can be the challenge for most homebuyers.
There’s more detailed information regarding November’s report in the link below if you’re interested.