July 2016

Found 1 blog entry for July 2016.

For the first half of 2016 Santa Barbara and surrounding areas have seen the market trend differently than last year. The median price for homes this year is up 3%, number of sales are down 9%, and number under contract is also down 9%. For condos the median price is up 8%, number of sales are down 29%, and number under contract is down 27%. In 2015 percentages in all of these categories were up with the exception of number of homes under contract. With only 3% less condos on the market this year than last, and 1% more homes, it’s fair to say that inventory levels have not been the main contributor to current market trend changes. It’s also fair to say that interest rates, which have continued to stay at historically low levels, have not been a

612 Views, 0 Comments