The local market statistics are updated with last month’s sold data and now available on my site.
The sales statistics for single family homes sold in San Luis Obispo County during the first three quarters of 2017 and 2018 are in. The median home price jumped from $567,500 in the first nine months of 2017 to $620,000 so far in 2018, an increase of 9.3%. The average days on market dropped by one, from 55 days to sell in 2017 to 54 days in 2018. The number of new listings during the first nine months of each year decreased slightly from 3,386 to 3,299 and the number of sales decreased from 2,445 to 2,399.
As we head into the last quarter of 2018 there are just over 1,000 homes currently listed for sale. We can expect around 300 new listings to come on the market each month, as has been the case in previous years.
I'm proud to be your resource for market insights here on the Coast. If you're ever looking for additional information not provided here please reach out to me any time. And remember, I'm never too busy for your referrals!