SUMMER COOLDOWN? Housing August Update | Central Coast California

SUMMER COOLDOWN? Housing August Update | Central Coast California

We have seen active home listings increase year over year here in SLO County which is an indicator that buyer demand is softening slightly on the Central Coast. With days on market creeping up and inventory of active listings increasing, does this mean that we are seeing a SUMMER COOLDOWN to a cooler market for the housing market?

We are still historically low when it comes to active listing here on the Central Coast of California, with 651 active listings compared to previous years of around 1,100-1,400 active homes for sale. As we see an increase in active listings, expect longer days on market and more concessions/price reductions made from sellers.

This doesn't mean we are cooling, it just means that we are seeing some shift from a sellers market to a more normal market here in San Luis Obispo County and northern Santa Barbara County.

This shift is a good thing for buyers who are looking to have more options and sellers who are looking to purchase a replacement property.

Buying or selling in Paso Robles, Atascadero, Templeton, Los Osos, SLO, Arroyo Grande or the 5 cities? Give us a call, we are here to help:

(805) 242-2073

Joshua Farris Real Estate Advisors

Lic# 01921964
KW Central Coast


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REVIEWS: https://bit.ly/4eR3iA6

Linda Riusaki | ⭐⭐⭐⭐⭐

"Joshua found me a really nice place. I never would have found it without him. He is really great at finding a place that no one else would be able to. I was able to buy a place that no one else would have dreamed of within a month."

Clark Goossen | ⭐⭐⭐⭐⭐

"Joshua is an exceedingly diligent, knowledgeable, and trustworthy realtor. He patiently listened to our needs, answered our questions and carefully tailored the process to make it as smooth as possible. We are very grateful for Joshua's guidance and expertise in finding us a home."


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"Today’s real estate sellers, buyers, and investors have seemingly infinite options of realtors at their fingertips,..." View full review

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"Josh is a knowledgeable and caring agent and puts community first in all of his personal and professional life. He cares..." View full review

Brett Kettler | ⭐⭐⭐⭐⭐

"Josh is very knowledgeable and dedicated to his clients. His professionalism and work ethic will be an asset for you... " View full review

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"Josh was wonderful! He was always available to answer my questions and guide me through the paperwork. He was..." View full review

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00:00 Introduction
01:03 Active Listings
01:48 New Listings
02:11 Median Days on Market
03:00 Median Sales Price
03:41 Inventory month's supply
05:37 Low sold and high sold in the County