Market Update October 2022: News from the Keenan Carter Corner

THE KEENAN CARTER CORNER

Hi all,

Dick and Narlene here. We know that all of you have questions about the housing market right now. Here’s our take on the matter:

The biggest story in real estate right now is inflation and interest rates (approaching 7% – Ouch!). This sharp increase in rates has stalled the Central Coast market significantly, with September year-over-year sales numbers down by 25.7% (another Ouch!) according to the California Association of Realtors.

Additionally, we are seeing listings days-on-market stretching from 10+ days to 22 days. Months supply of inventory has increased from 1.9 months in September 2021 to 2.9 months this September 2022.

All that being said, we still see this as a seller’s market and we are optimistic that the market will continue to fluctuate. This particular pendulum is swinging fast – so stay appraised of the market by viewing our message below and don’t hesitate to reach out to us with any of your real estate needs.

Best,

MARKET UPDATE

At the Keenan Carter Group, we love the Central Coast and we would love to help you with your next property journey. To better inform you on the nature of our local housing market, we have curated a series of information that we think is extremely relevant to today's constantly changing real estate landscape.

Take a look below and if there is anything we can do, don't hesitate to ask. Call us anytime: (805) 773-7711

REAL TIME MARKET NUMBERS

Pismo Beach Current Trends

Search Properties Now

Arroyo Grande Current Trends

Speak With An Agent

MARKET CENTER

SAN LUIS OBISPO COUNTY

September 2022 Market Stats by Region

Central Coast Market Update by Region | September 2022

Market Statistics Brought to you by:

Keller Williams Realty Central Coast

for San Luis Obispo County

Broken down by:

South County | North County | Scenic Coast | San Luis Obispo

SAN LUIS OBISPO COUNTY

September 2022 Housing Breakdown by City

Central Coast Market Update by City | September 2022

KEY: SFH = Single Family Home FRM = Fixed Rate Mortgage

SFR = Single Family Residential HPI = Home Purchase Sentiment Index

All data comes from the CRMLS, InfoSparks, Michael Lewis Marketing Suite, Altos R.E., Keeping Current Matters, Corelogic, Showing Time, Realtor.com, Freddie Mac, Fannie Mae, Mortgagecalculator.com, Wall Street Journal, First American Title Co., NAR (National Association of Realtors), CAR (California Association of Realtors) & Buffini & Co.

Current as of 10/19/2022.