Santa Barbara Real Estate Market

Housing Market Data For March 2019

A guide to the Santa Barbara real estate market for the month of March 2019

Across the nation and state, we have seen an overall market softening since November 2018. Interest rates have been ranging from high 3’s to mid to high 4’s. Locally, inventory levels continue to rise, allowing more opportunity for buyers with a greater selection of homes available and more of equal leverage in negotiation between buyers and sellers. The rise in the median price point the last years has made the reality of purchasing a home more difficult for first time home buyers. With the median home price drop in 2018, some buyers are excited to be able to potentially get into the Santa Barbara market at a lower price. There is still some optimism and activity in the market and well-priced homes are still selling quickly. A market shift is happening. It’s uncertain whether this shift will match historical patterns or, with a variety of economic factors nationally, if we will see a new kind of shift.

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

Single Family Homes for March 2019

Including year over year change


New Listings

1.2% Increase

Sold Listings

5% Decrease

Homes for sale

30% Increase

Median Sales Price

1.6% Increase

Months of Inventory


Avg Days on market


Condos for March 2019

Including year over year change


New Listings

21% Decrease

Sold Listings

32% Decrease

Condos for sale

6% Decrease

Median Sales Price

8% Decrease

Months of Inventory


Avg Days on market

49% Increase

Past Reports

Historical Data for Santa Barbara Housing Market

Did you know?

3 of 5 homes are underinsured by an average of 20 percent

These homeowners don't have enough coverage to protect them if their home is impacted by a fire or another disaster. Worse still, they won’t know it until it’s too late! Call Weiser Agency today to discover if you are underinsured.

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