Here is the May 2013 Santa Barbara Real Estate Market Snapshot for Inventory, Listings and Sales. Overall the market continues to be tight with limited inventory.
This graph below shows the seasonality of the inventory and sales. As you will see, May 2013 listings were down 9% from last month and down almost 5% from May of 2012.
We are now into the middle of June and although inventory is still tight, prices hint at starting to stabilize. I think it is a common discussion with realtors and their clients and as I ask around...this is the pulse so to speak. Obviously time will tell as if we continue to have the limited inventory, this can only force prices higher with all things equal.
Santa Barbara Real Estate Market Report - May 2013
- What Kind of Real Estate Can You Purchase for $1 Million...$2 Million?
- March 2013 Santa Barbara Real Estate Market Update
- Lack of Inventory Tough on Buyers
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For information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin Schmidtchen
at Sotheby’s Int’l Realty.
Thank you for reading. I hope you find Santa Barbara Real Estate Voice informative. Please feel free to contact me or comment below with any thoughts.