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San Luis Obispo County July 2023 Market Update

Locally sourced, real data is key when you are thinking of buying or selling a home, or even if you just like to stay up to date on the real estate market.

Knowing the most important data such as the average sales price, number of homes sold, and days on market will better prepare you to sell your home.

While the July average sales price is down 5.76% from last month, it is up .78% from July of last year.  The number of new listings, pending sales, and closed sales are holding steady with minimal change from last month, leaving active inventory unchanged. 

The average days on the market increased a few days from last month,  but more than 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 98.4%, while about 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.

 

247

New Listings

2022:  347

478

Active Listings

2022:  694

181

Under Contract

2022:  265

245

Closed Sales

2022:  273


Homes Sold

98.4%

Sale-to-List Price

2022:   99.6%

$947,307

Avg Sales Price

2022:  $939,866

2.4

Months of Supply

2022:  2.5

32

Avg Days on Market

2022:  18

$552

Avg Price per Sq Foot

2022:  $541

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