Housing Market Update: September 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:

? $713k (+1.4% from last year)

AVERAGE DAYS ON MARKET:

? 72 days (+18% from last year)

SOLD LISTINGS:

? 831 (-2.2% from last month)

NEW LISTINGS:

? 943 (-16.5% from last month)

KEY TAKEAWAY:

? Inventory (or the number of available homes on the market) is decreasing, but prices remain strong and interest rates are low. This actually presents benefits for both buyers and sellers! Want to know how you can take advantage of the autumn market? Reach out anytime!

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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