Market Trends

The Real Estate Report

Local market trends for Santa Cruz County

Home Prices Mixed & Sales Up in May

Sales of single-family, re-sale homes were up 0.9% compared to last May. There were 108 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 up 2.3% year-over-year last month.

The average sales price fell 5.3%, year-over-year.

Inventory was up 34.3% compared to last May.

As of June 5th, there were 274 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio rose from 100.5% to 101%.

One-hundred & twelve homes went into escrow last month, a decline of 4.3% compared to last year.

Days of Inventory rose from 53 to 76. The average since 2003 is one hundred and thirty-nine.

Days on market stayed at twenty-nine. That is the time from when a home is listed to when it goes into contract.

The median sales price for condos was down 2.4% year-over-year. The average sales price rose 9.1%.

Condo sales were up 60.9% year-over-year. Thirty-seven condos were sold last month.

Inventory was up 63.4%.

As of June 5th, there were sixty-seven condos for sale in Santa Cruz County.

The average since January 2003 is 141. Days of inventory rose from forty-seven to fifty-four.

It took twenty-eight 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.

Mortgage rates

For 6/19/2024

30 Year Fixed
6.75%
15 Year Fixed
6.25%
5/6 ARM
7.5%

For general informational purposes only. Actual rates available to you will depend on many factors including lender, income, credit, location, and property value. Contact a mortgage broker to find out what programs are available to you.

Mortgage calculator estimates are provided by Bailey Properties and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

2024-04 Sales and Price
California Housing Affordability report q4

Trends At A Glance

For display purposes and ease of use - Prices have been rounded to thousands.

For full detail of this data, Please review the full monthly report

SINGLE FAMILY HOME SALES YEAR TO DATE

Median Price

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Average Price

$0M

Pending Properties

0

Active Listings

0

Sold Homes

0

Sale/List Price
(sp/lp) Ratio

0%

Days on Market

0

Days of Inventory

0

CONDO SALES YEAR TO DATE

Median Price

$0K

Average Price

$0K

Pending Properties

0

Active Listings

0

Sold Homes

0

Sale/List Price
(sp/lp) Ratio

0%

Days on Market

0

Days of Inventory

0