Housing Market Update: October 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:

? $718k (-2.5% from last year)

AVERAGE DAYS ON MARKET:

? 73 days (+10.6% from last year)

SOLD LISTINGS:

? 704 (-15.3% from last month)

NEW LISTINGS:

? 845 (-10.4% from last month)

KEY TAKEAWAY:

? The fall market is officially underway! Inventory (or the number of available homes on the market) has decreased sharply, but prices remain relatively strong. That said, interest rates have been vacillating a little in the last couple weeks. What might this mean for you? 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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