By Mark Lomas, Experience You Can Count On!
(Santa Barbara Real Estate)
Santa Barbara RealtorsHOW'S THE MARKET?How’s the market? Home prices have increased while the average rate on a 30-year mortgage edged up to 6.079 percent this week.The Central Coast experienced the largest decline among major regions, with sales plummeting 37.3% from the previous year. The housing inventory in California is now back to the pre-pandemic level.The graph below reflects the number of home sales per month dating back to 2013 up till July 2020 in southern Santa Barbara County. Santa Barbara - Montecito - Hope Ranch and surrounding communities.