The Real Estate Market Is Changing – Santa Barbara August 2022
Santa Barbara Real Estate Market News
August 2022
Joe Parker Talks About Shifts in The Real Estate Market
Joe: Last month we talked about seeing some shifts in the real estate market. Well, that trend has really started to make itself seen.
The Fed has not so slowly been increasing interest rates. As of this post, Jumbo loan rates are in the low 5% range. Combine that with other inflation factors, and change is inevitable.
The video below goes into depth about the shifts we are seeing in:
- Inventory Levels
- List Price (Median and Average)
- Days on Market (DOM)
- Back on Market
- Volatility
- Buyer and Seller Reactions
August 2022 Real Estate Market News
Thanks for joining us for our August 2022 Santa Barbara Real Estate Market Report. If you have any questions, toss us an email or give us a call. We are here for YOU!
Joe Parker, Garrett McCaw, Avi Becker
The Santa Barbara Group at Berkshire Hathaway HomeServices California Properties
3868 State Street Santa Barbara, CA 93105
(805) 886-5735
https://TheSantaBarbaraGroup.com
Cal BRE #01314939
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