San Luis Obispo County July 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 market report for San Luis Obispo County provides a comprehensive look at current trends, helping you make well-informed decisions.

Current inventory saw a modest 6.4% increase from last month and a more significant 21.0% increase in active listings from last year.  Despite this increase, the number of new listings remained stable showing little change from last month and the same period last year. Pending sales saw a noticeable decline, down  22.9% from last month and 25.3% from last year. Closed sales were up 7.7 from last month and the same as last year.

The average sales price in San Luis Obispo County is up 18.7% from last year, as 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 7.1%. The average percentage of the sales price to list price dropped to 97.9%%, as just over half of the homes sold for below the list price with a median of 12 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.