Arroyo Grande Median Home Prices increased from last March to $1,190,000, .8% more than last year. There were 20 single-family homes sold during March, that’s unchanged from last year. The area supply of homes was 24 active listings on the market, which places inventory at 4% below a year ago. The market is tight for buyers, with new listings lasting just 14 days on the market. Unfortunately, interest rates have moved over 7% and the hope of Fed rate cuts has not begun due to a stronger than expected economy and inflation numbers. Sellers, on average, are getting 100.0% of their asking price, and 50.0% of sellers had to make a price reduction from the original list price to get their homes sold. Please contact me for a Market Report for your area! And if you’d like a report that shows the leading indicators as to 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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