Santa Maria Real Estate Market Sees Sales Fall

The Santa Maria market slowed with a 6.2% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 15.7 monthly average with 15 homes sold. On the other hand, close-by San Luis Obispo registered 42 homes sold in the same time frame, the most of all surrounding cities. There are four months of inventory remaining in Santa Maria, and the market is swinging toward the buyer, especially since the median sales price dropped to $399,000 this week.

Great homes don't last long in the market, so make sure you take a look at the newest listings in Santa Maria:

$374K   $325K   $370K  

Get started right now by checking out Santa Maria homes for sale or reviewing Santa Maria real estate trends.

Demographic facts for Santa Maria:

  • The percentage of the population who own their homes is 49.1%.
  • The student-to-teacher ratio is 20.3:1. (15.3:1 = national average)

Data reported through 6/15/2017

Comments:

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Real Estate eBroker Group
Snapped 4 homes in this area
Ron Ramirez
Snapped 11 homes in this area
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