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The year started out fairly normal from January until about mid-March.
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By mid-March, most real estate in Santa Barbara went into a holding pattern.
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Escrows that were pending mainly closed, but several fell out and/or had a tough time closing because of lending.
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From mid-March until about early May, the market overall was rather stagnant as Covid really hit home and most people simply were on the sidelines.
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From mid-May until about mid-June, the market really started to gain momentum with buyers coming off the sidelines.
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By late June the market started to get busy and listings were selling within a few weeks.
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By July the market had completely changed and buyers were everywhere, inventory was limited and prices started to rise.
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From July through the end of the year, the market was very robust with limited inventory, low-interest rates, and prices rising.
