Santa Barbara Real Estate Market Update For April 2019

April 2019 Market Update

Spring is officially here, bringing with it the typical spark to our local real estate market. True as ever, there’s a growth in inventory yet the median list price and sales price of homes are still softening. What does this mean for you?

As a homeowner, it’s never exciting to see prices softening. This season’s median price decrease, however, is still very minor and simply further evidence of a healthy balancing in the market. There is a market SHIFT occurring though, so if you want to cash out of the market, then call us to find out how to get the most “bang for your buck” selling your home this year.

As a buyer, the increase in mortgage rates in the last quarter of 2018 priced many of you out of a home. With this season’s lower interest rates, lower prices and more homes to choose from, buying a home in Santa Barbara has become far more exciting for local buyers. Want to know how you can take advantage of the balancing market? Or, get inside access to over 150 off market properties? Schedule a strategic planning session with us today!