Tuesday, July 14, 2009

Months of Inventory: Santa Barbara Real Estate Market

Under $1M: 3.6 months
$1-2M: 9.4 months
$2-4M: 14 months
$4-8M: 13.6 months
$8M+: 75 active listings, 2 are currently pending

*These numbers are for houses only & do not include condos.

Standard Definitions:
0-3 months of inventory = seller's market
3-6 months of inventory = balanced market
6-9 months of inventory = buyer's market
9+ months of inventory = soft market

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