As we move into November, the Real Estate Market continues to slow as we push through the last quarter of 2022. Previously mentioned, this is nothing to be alarmed about, we are simply following our typical Real Estate cycle that we experience this time of year. The median days on the market continue in 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.
Here are some statistics for Atascadero, Paso Robles and Templeton for the month of November 2022. If you would like to see information on other Central Coast cities, please let us know.