San Luis Obispo County September 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.

Now double the December 2021 low, the current inventory saw an increase of 5.1% from last month and a significant 26.3% increase from last year.  Despite this increase, the number of new listings decreased 23.9% from last month and increased 3.8% for the same period last year. Pending sales saw another noticeable decline of 39.2% from last month and 29.9% from last year. Closed sales saw no change from last month and were down 9.2% from last year.

The average sales price in San Luis Obispo County is down 3.6% from last year. while the average price per square foot is up  1.2%. This reflects that the price of homes are still going up, but the size of homes sold were smaller. The average percentage of the sales price to list price is up to 97.5%% with a median of 14 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.