Market Trends

Local market trends for Santa Cruz County

Sales of single-family, re-sale homes were up 1.8% compared to last April. There were 116 homes sold in Santa Cruz County last month. The average since 2000 is 157.

The median sales price for single-family, re-sale homes was down 10.6% year-over-year last month.

The average sales price fell 12.9%, year-over-year.

Inventory was up 63.8% compared to last April.

As of May 5th, there were 344 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio rose from 100.3% to 101%.

One hundred & twenty-five homes went into escrow last month, a increase of 12.6% compared to last year.

Days of Inventory fell from 94 to 86. The average since 2003 is
one hundred and thirty-nine.

Days on market was thirty-one. That is the time from when a home is listed to when it goes into contract.

The median sales price for condos gained 3.3% year-over-year. The average sales price rose 5.1%.

Condo sales were down 32.4% year-over-year. Twenty-three condos were sold last month.

Inventory was up 105.5%.

As of May 5th, there were one hundred and thirteen condos for
sale in Santa Cruz County. The average since January 2003 is 141.

Days of inventory rose from ninety-five to one hundred and
thirteen.

It took thirty days, on average, to sell a condo last month.

If you are planning on selling your property, call me for a free comparative market analysis.