IT’S A HOT SELLERS MARKET!
We are seeing multiple Offers, lots of Buyer demand from larger cities (NY, LA, SAN FRAN etc).
Housing Marketing in the Central Coast:
*Home values have yet to show any clear adverse effects during the pandemic.
*Historically low mortgage rates and tight inventory are supporting home prices.
*New inventory was off 44% April, 23% May 2020
*Demand for housing may be impacted going forward.
*However, jobs held by typical buyers of homes in Santa Barbara have not been as impacted by layoffs.