Arroyo Grande Median Home Prices decreased from last August to $965,000, 15.4% less than last year. There were 25 single-family homes sold during August, down 3.8% from last year. The area supply of homes had 34 active listings on the market, which places inventory 8.1% lower than last year. The market continues to be tight for buyers, with new listings lasting just 22 days. Sellers, on average, are getting 100% of their asking price, and 41.2% of sellers had to make a price reduction from the original list price to sell their homes. Mortgage rates continue to fluctuate in the low 7 % range. Please contact me for a Market Report for your area! And if you’d like a report showing the leading indicators of where the market is headed over the next 30 to 90 days in your area, sign up for free! Just click on the link below, and you will be taken to the Arroyo Grande Report. Then, place your city or zip code in the Search Box at the top of the page!
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