Arroyo Grande Median’s home prices increased from last January to $954,000, 22.6% more than last year. There were 12 single-family homes sold during January, up 20.0 % from last year. The area supply of homes was 19 active listings on the market, which places inventory at 9.5% less than last year. The market has eased a bit for buyers, with new listings lasting 46 days due to the holidays. Sellers, on average, are getting 99.3% of their asking price, and 31.6% 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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