$375K  
The number of home sales in the Morro Bay market climbed 10.0% to 22 homes over the last 30 days. Within the same time frame, San Luis Obispo had 32 sales, the most of all cities in the area. The median sales price dropped to $640,000 over the latest reporting period for Morro Bay, down from $667,500. With just two months of inventory available and sales going up, Morro Bay is a definite seller's market.
Comments:

$430K  
The Morro Bay market was active in this week's report, as the number of home sales climbed 5.6%, pushing the total to 19 homes sold over the last 30 days. In comparison, nearby San Luis Obispo had 29 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices went up in Morro Bay, with the median for this period rising from $592,500 to $675,000. With just two months of inventory available and sales going up, Morro Bay is a solid seller's market.
Comments:

$399K  
Morro Bay has a much younger population than other areas in California with a median age of 48 years. It is also less affluent than average with a median income of $42,600 per household. The Morro Bay market is primarily made up of detached houses, which currently account for 79% of the homes for sale in the area. Heading the list of top schools in the city is Morro Bay High School.
Comments:

$399K  
Over the last 30 days, a solid downward trend of new sellers coming into the Morro Bay market continued, with 13 listings in this week's report. Meanwhile, sales rose, with 17 homes selling during the same period. The median sales price dropped to $600,000 over the latest reporting period for Morro Bay, down from $660,000. The rising sales and a low two months of inventory point to Morro Bay being a solid seller's market.
Comments:

$399K  
The Morro Bay market got good news in this week's report, as the number of home sales jumped 36.4%, pushing the total to 15 homes sold over the last 30 days. In comparison, nearby San Luis Obispo had 35 sales in the same time frame, the most of all neighboring cities. The median sales price rose to $660,000, up from last week's $600,000. The rising sales and a low three months of inventory point to Morro Bay being a seller's market.
Comments:

$989K  
The number of price cuts in the Morro Bay market climbed to 12 over the last 30 days, furthering a new positive trend. Perhaps due to the decreases in list prices, sales increased to 11 homes sold. There are four months of inventory remaining in Morro Bay, and the market is swinging toward the buyer, especially since the median sales price tumbled to $600,000 this week.
Comments:

$299K  
Over the last 30 days, 10 homes were sold in the Morro Bay market, holding even with last week's numbers. However, the market is still in a recent downward trend overall. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price stayed flat at $762,500 this week.
Comments:

$1.2M  
The number of homes coming into the Morro Bay market rose to 15 listings over the last 30 days, while sales remained right where they were as once again 10 homes were sold over the same period. Potential buyers should take note that the median sales price in Morro Bay jumped to $762,500 and that there are four months of inventory still available.
Comments:

$406K  
The population of Morro Bay is shrinking slower than the rest of California, at a 10-year growth rate of -3.9%. It's a larger than average city compared to the rest of the state, with 10,234 residents. With a median age of 36 years, homes in Morro Bay tend to be relatively old. Heading the list of top schools in the city is Morro Bay High School.
Comments:

$305K  
Home sales in the Morro Bay market remained sluggish in this week's report as they slid 23.1% to 10 homes sold over the last 30 days. Meanwhile, close-by San Luis Obispo reported 42 homes sales, the highest number from all the surrounding cities. The median sales price continued to fall, trending downwards for four weeks to reach $577,000.
Comments:
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