HOW'S THE MARKET?
The median sale price for single-family homes rose to $1,325,000 from $1,280,000 in September, signaling a slight increase in buyer demand or value perception. Homes sold for an average of 99.4% of their listed price, a minor decline from the 100.0% ratio observed in September. The median days on market decreased to 19 days, down from 22 days, suggesting that well-priced homes were moving slightly faster. Inventory levels held steady at 2.9 months, compared to September's 4.1 months, indicating tighter supply conditions that could limit buyer options and support pricing.
SANTA CRUZ COUNTY PER AREA BREAKDOWN IN OCTOBER
CURRENT INTEREST RATES AS OF NOVEMBER 07, 2024
I've put together some graphics to illustrate comparisons. I've broken down the last 4 weeks, and then highlighted the last week. So, let's compare what's been going on in real estate over the past several weeks. What do you notice?
For reference: "TFT" means "transaction fallen through" or canceled escrow.
"C/W/E" translates to Canceled, Withdrawn or Expired listings, meaning removed from the market.
Wagnermarsh Team
Keller Williams Santa Cruz
Kaelin Wagnermarsh
Realtor DRE 01945819
(831) 419-653
kaelin@kaelinrealestate.com
#marketupdate #santaclaracounty #santacruzcounty #realestate
