In August 2024, the Santa Cruz County real estate market remained steady with slight adjustments in key metrics, reflecting a balanced yet competitive environment. The median sale price for detached single-family homes decreased modestly to $1,300,000 from $1,352,500 in July. Homes sold for an average of 100.2% of their listed price, up from 99.7% in the previous month, indicating continued demand. The median days on market shortened slightly to 16 days, compared to 17 days in July, showing that properties are still moving relatively quickly. The inventory rose to 2.9 months, a small increase from July's 2.8 months, suggesting a growing, yet still limited, supply of homes for sale.
PER AREA STATS FOR SANTA CRUZ COUNTY BREAKDOWN IN AUGUST
CURRENT INTEREST RATES AS OF SEPTEMBER 12, 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"C/W/E" translates to Canceled, Withdrawn or Expired listings, meaning removed from the market.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
Teresa Lee
Realtor DRE 02063723
(831) 400-8108
teresa@kaelinrealestate.com
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