In September 2024, the Santa Cruz County real estate market saw further adjustments, maintaining a competitive yet slightly softening environment. The median sale price for single-family homes decreased slightly to $1,280,000 from $1,300,000 in August. Homes sold for an average of 100.0% of their listed price, a minor decrease from 100.2% in the previous month. The median days on market lengthened to 22 days, up from 16 days in August. The inventory rose to 4.1 months, up from 2.9 months in August, indicating a more noticeable increase in the supply of homes available for sale, which could provide buyers with slightly more options as the market trends toward a more balanced state.
PER AREA STATS FOR SANTA CRUZ COUNTY BREAKDOWN IN SEPTEMBER
CURRENT INTEREST RATES AS OF OCTOBER 10, 2024
I've put together some graphics to illustrate comparisons. I've broken down the last 4 weeks, and then highlighted the last week. So, let's compare what's been going on in real estate over the past several weeks. What do you notice?
For reference: "TFT" means "transaction fallen through" or canceled escrow.
"C/W/E" translates to Canceled, Withdrawn or Expired listings, meaning removed from the market.
Wagnermarsh Team
Keller Williams Santa Cruz
Kaelin Wagnermarsh
Realtor DRE 01945819
(831) 419-653
kaelin@kaelinrealestate.com
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