The Real Estate Market is slowing down as we enter the last quarter of 2022. This is nothing to be alarmed about, we are simply following our typical Real Estate cycle that we experience this time of year. For the first time in a couple years the median days on market has entered the double digits, staying around 15 days or less which is still quick compared to the almost 30 days we were experiencing pre-COVID. We’re also starting to see more price reductions which buyers are happy about. The days of homes selling for well over asking price and in less than a week are pretty much a thing of the past .There are still some exceptions but typically homes are selling for at or a little below asking price and in a timely manner. This is why it is important to have an experienced Real Estate agent price and sell your home.
Click on the video above to view all the statistics for Atascadero, Paso Robles and Templeton for the month of October 2022. If you would like to see information on other Central Coast cities, please let us know.