San Luis Obispo County August 2024 Market Update

Whether you're considering buying or selling a home or simply staying informed about the local real estate scene, having access to the latest data is crucial. Our San Luis Obispo County market report provides a comprehensive look at current trends, helping you make well-informed decisions.

Current inventory saw a modest 6.8% increase from last month and a more significant 19.7% increase in active listings from last year.  Despite this increase, the number of new listings decreased 11% from last month and the same period last year. Pending sales saw another noticeable decline of 25.2% from last month and last year. Closed sales were down 3.6% from last month and up 4.4% from last year.

The average sales price in San Luis Obispo County is up 10.3% from last year, and for the second month in a row, eight of the nineteen communities had a median sales price over one million dollars. See the list below. The average price per square foot is up 5.0%. The average percentage of the sales price to list price dipped to 97.3%% with a median of 15 days on the market.

Knowing the most important data such as the average sales price, number of homes sold, and days on market can significantly enhance your real estate strategy, whether you're buying or selling. 

Our market report showcases everything you need to know about each San Luis Obispo County community's real estate trends.