Good News Continues…

Today we are posting two graphs.  One is the summary of listings, current escrows and recent sales in the County of San Luis Obispo, and the other covers the same items for the City of San Luis Obispo.

Since the first of the year, in the county, inventory has gone down while pending sales and sold properties have increased.  In the City, the inventory has increased as well as pending sales and sold properties  have increased.  This is typical of the spring in the City as Cal Poly parents tend to put properties on the market when their sons and Daughters have graduated.

To summarize, this is all good news for the local real estate market.  Combined with historically low interest rates, this is an excellent time to buy or sell.

Your questions and comments are welcome.

 

Posted by: Larry Smyth

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