At the time of posting this Market Report, we are well into February of 2020.
As the market report indicates, the Real Estate news is still very positive and the new year is off to a good start.
The early trends we are seeing for home sales in 2020 are indicative of a very healthy market from Goleta, Santa Barbara, Montecito, Summerland, and Carpinteria.
Traditionally, early summer has been the strongest selling season and sellers have typically waited to list their homes in spring.
This year, however, the statistics are telling sellers something else.
During the months of December, 2019 and January, 2020 the number of sales were high, but the median price was slightly down from January of the previous year.
With a strong economy, low-interest rates, and tight inventory, this makes for an interesting market.
The total number of properties sold in January was 129, 96 of those being homes and 33 condo sales.
Inventory levels are the challenge and continues to show increased demand for housing with more home buyers than properties available to purchase in most price ranges.
For a look at the full report click the link below.