Months of Inventory Statistics

Below are the Months of Inventory Statistics for homes, PUD's, condos and ranches ranging from Carpinteria through Goleta.  Months of Inventory, or Market Velocity, is the number of months it would take to sell all the current active listings, at the current pace of sales, assuming no new listings are added.  To calculate this, we use the number of properties that entered escrow in the immediate past 30 days.  This is a much better indication of buyer confidence today vs. closed sales that reflect buyer activity 2-4 months ago.

As a rule of thumb, 0-3 months of inventory indicate a sellers' market; 3-6 months indicates a "balanced market"; 6-9 months is a buyers' market and 9+ months is indicative of a weak market.  The numbers below reflect a low number, showing that the market is  hot right now! 

All Price Ranges:
393 Active Listings
195 Entered Escrow in the past 30 days
2 Months of Inventory

Under $1M
108 Active Listings
126 Entered Escrow in the past 30 days
25 Days of Inventory

$1-2M:
93 Active Listings
44 Entered Escrow in the past 30 days
2.1 Months of Inventory

$2-4M:
95 Active Listings
21 Entered Escrow in the past 30 days
4.5 Months of Inventory

$4-8M:
61 Active Listings
1 Entered Escrow in the past 30 days
20+ Months of Inventory

$8+M
36 Active Listings
3 Entered Escrow in the past 30 days
12 Months of Inventory