Santa Barbara Real Estate Market

Housing Market Data For April 2019

A Guide to Santa Barbara Real Estate Market Trends

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!

Single Family Homes for April 2019

Including year over year change

150

New Listings

4% Increase
89

Sold Listings

9% Increase
527

Homes for sale

20% Increase
$1,172,500

Median Sales Price

1% Decrease
4.63

Months of Inventory

-
51

Avg Days on market

4% Increase

Condos for April 2019

Including year over year change

54

New Listings

20% Increase
41

Sold Listings

17% Increase
167

Condos for sale

8% Increase
$777,740

Median Sales Price

2% Decrease
4.63

Months of Inventory

-
73

Avg Days on market

1% Increase

Past Reports

Historical Data for Santa Barbara Housing Market

All data supplied from CORT, Santa Barbara Association of Realtors, and Multiple Listing Service

Schedule a Consultation

Thinking of buying or selling a home in Santa Barbara? The first step is to meet with a Zia Group agent for your complimentary consultation where we will answer any questions you have.

  • We'll listen to your unique goals for your home
  • We'll answer your questions and provide resources
  • We'll provide a clear roadmap for success