Market Update
Santa Barbara Region
Q1 2023
Residential Property Snapshot
Single Family Homes & Condos | Q1 2023
Med. Sales Price
$1.63m
17% less than in
Q1 2022
Q1 2022
Avg. Days On Market
30
30% more than in
Q1 2022
Q1 2022
Closed Sales
191
41% fewer than in
Q1 2022
Q1 2022
Inventory
105
Data unavailable for
Q1 2022
Q1 2022
Sales Price vs. Closed Sales
Single Family Homes & Condos
- Single Family Homes
- Condos
Closed
New
Inventory
Closed Sales by Price
Single Family Homes & Condos
- Single Family Homes
- Condos
Median Sales Price vs. Average Days on Market
Single Family Homes & Condos
- Single Family Homes
- Condos
By Year
By Price
Market Data by Year
Single Family Homes & Condos
- Single Family Homes
- Condos
| Q1 2023
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'22 - '23
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
n/a
New Listings
New Listings represents the number of properties listed during the quarter.
-29%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
2%
Closed Sales
-41%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
30%