San Luis Obispo County Real Estate News & Market Trends

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Feb. 28, 2021

March 2021 Market Update

-San Luis Obispo County Real Estate-

-Scroll down to view the latest numbers for February below-

-For Buyers, low-interest rates continue to mean they have greater affordability now compared to ever before. Although it is a very competitive market, we are beginning to see pulses of new inventory and we can expect to see inventory increase as we head towards Summer-

-For Sellers, historic low inventory levels combined with the high buyer demand continues to drive a competitive market where homes are moving quickly and many times, receiving multiple offers-

We continue to see strong home sales in San Luis Obispo and across the County. The demand for new inventory remains high as we continue to see a surge in buyers relocating to the Central Coast. In turn, sellers are receiving multiple offers from well qualified buyers and receiving top dollar for their properties.

Those that decide to sell in the next few months will take full advantage of the high demand, low inventory market. Historically, we start to see a significant increase in inventory beginning in April in our area, leading up towards Summer. In the past few weeks, we have started to see new pulses of inventory start to steadily roll onto the market.

If you have thought about selling, or looking to sell your home for the best price possible, now may be the best time. Whether you are buying or selling, please don't hesitate to reach out, we are here to guide you through the process from start to finish through a custom tailored experience backed by local knowledge and proven negotiation skills to create successful transactions.

If you have any questions about the information provided or would like to discuss the local market, please feel free to contact us at anytime.

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Sept. 14, 2020

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