SLO County Market Update - April

April 8, 2024

Hey there, fellow Central Coast residents. Welcome to our April Real estate market update for San Luis Obispo County, where we bring you the latest scoop on what's happening in our local housing market. But before we dive into the numbers, let's kick things off with some exciting news. Did you know that this April may be the perfect time to either pick up or start exploring your homeownership opportunities?

With the start of the California Dream for all act. If you're a first time homebuyer, this could be your ticket to realizing your homeownership dreams. The dream for all shared appreciation loan offers down payment assistance, making it easier for you to step into your new home. Reach out to me directly or check out our recent video on this program to learn more and see if it's a good fit for you. All right. Now let's get down to business and talk about what's happening in the local real estate market. In March, the median sales price for homes in San Luis Obispo County came in at $800,000. We saw a total of 221 sold home, which is almost 20% higher than in February. Yes, homes are still moving quickly with a median of just 15 days on the market. And if you're wondering about price per square foot, it's currently averaging at $524. These numbers indicate that our local market remains dynamic and competitive. Still, no major changes in the world of interest rates, But keep in mind when we do see them drop even slightly, the market is sure to heat up even more.

Remember, people are buying and selling homes every single day. You just have to take the first step and decide to see what opportunities exist for you. We will be here ready to help you create opportunities and realize your real estate goals. Thank you for being here and we look forward to seeing you.