Arroyo Grande Median Home Prices decreased from last May to $912,000, 10% lower than last year. There were 29 single-family homes sold during May, up 3.6% from last year. The area supply of homes had 26 active listings on the market, which places inventory 31.6% lower than last year. The market is tightening for buyers, with new listings lasting just 17 days on the market. Sellers, on average, are getting 101.3% of their asking price, and 61.5% of sellers had to make a price reduction from the original list price to sell their homes. Mortgage rates continue to fluctuate in the mid-6 % 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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