Looking at the sales figures for 2011, the average sales price for Santa Maria homes declined about 6.6% and days on market ticked up 15 additional days to 85 days. Of course, the days on market figure includes short sale contingency days, which are the days needed for bank approval of a short sale, so it may not reflect how quickly inventory is being absorbed. That said, there definitely was softening in the Santa Maria real estate market. Surprisingly, the number of short sales did not increase, but instead (4 comments)
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