Housing Market Update: August 2019

 In Buying a Home, Monthly Market Updates, Selling a Home

It’s a brand new month and you know what that means – time for another snapshot of the housing market here in Ventura County, CA!

So whether you’re trying to figure out if it’s a good time for you to move, or you just want to impress your friends with a few nuggets of housing market wisdom, take a look below:

AVERAGE SALES PRICE:

🔑 $759k (+5.4% from last year)

AVERAGE DAYS ON MARKET:

🔑 70 days (+16.7% from last year)

SOLD LISTINGS:

🔑 850 (+7.5% from last month)

NEW LISTINGS:

🔑 1,129 (+3.5% from last month)

KEY TAKEAWAY:

🔑 After a slightly quieter beginning of the summer, things seem to be picking up a bit, with significantly more home sales in the last month. Interest rates have remained low and housing prices are still nice and strong, but homes are taking longer to sell than this time last year. What does this mean for you? Give us a call!

For data that is more specific to your own neighborhood, please feel free to reach out to us at courtney.livesay@kw.com, or text MARKET UPDATE to 805.416.4304 – we’d be happy to help!

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