San Luis Obispo County December 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.

As seasonally expected, market activities saw significant reductions from November. The number of new listings decreased 9.5% from the same period last year, and pending sales dipped 24.6% from the same period. Current inventory ended the year 11.0% higher than last year. Closed sales were virtually the same as last month and exceeded December 2023 numbers by 20.1%. 

The average sales price in San Luis Obspo County is up more than 7% from last year as well as last month, while the average price per square foot for both periods is up over 4%.  The average percentage of the sales price to list price increased to 96.8% and the median days on the market jumped to twenty-eight.

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.