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San Luis Obispo County August 2023 Market Update

Whether you're thinking of buying or selling a home, or just like to stay up to date on the real estate market, you need locally sourced, real data to keep you informed.

Knowing the most important data such as the average sales price, number of homes sold, and days on market will better prepare you for your real estate transaction.

While the August average sales price is up .97% from last month, the median sales price is down 1.81% from July.  The number of new listings, pending, and closed sales are down from last month. Current inventory is up from last month but down from August of last year. 

The average days on the market is up a day from last month's 32 days, but well over half of the closed sales were on the market for less than 14 days. The average percentage of the sales price to list price dipped to 97.6%, yet more than half of the sales sold for the list price or more.

Our market report showcases everything you need to know about each San Luis Obispo County community's real estate trends.

 

288

New Listings

2022:  302

559

Active Listings

2022:  626

170

Under Contract

2022:  233

229

Closed Sales

2022:  281


Homes Sold

97.6%

Sale-to-List Price

2022:   96.6%

$956,500

Avg Sales Price

2022:  $944,764

2.8

Months of Supply

2022:  2.3

33

Avg Days on Market

2022:  26

$499

Avg Price per Sq Foot

2022:  $528

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