The Santa Cruz County housing market saw its sales drop and the number of houses on the market fall below 400 for the first time since March as the slow time of the year takes hold. Inventory remains higher than the same time last year, and houses are also taking longer to sell than they did a year ago.
Santa Cruz County housing market updates
Posted inHousing & Development
Santa Cruz County’s housing market stays active in October as sales, inventory remain high
Santa Cruz County’s housing market saw plenty of homes listed for sale in October, a trend that has continued for the better part of the year. While buyers are still snapping up properties, houses are taking longer to sell than they did that the same time last year, likely due to all the inventory.
Posted inHousing & Development
As weather cools, Santa Cruz County housing market shows signs of heating up
Santa Cruz County’s housing market largely stayed the course in September, with many houses on the market and plenty of sales closing. However, with trade tensions and the government shutdown lingering, real estate professionals say conditions could change rapidly.
Posted inHousing & Development
Santa Cruz County homebuyers find more options, but few bargains in cool summer market
Homes in Santa Cruz County took twice as long to sell in August compared to July as plenty of properties hit the market. But prices keep rising, up 15% over the past year to a median of $1.5 million, new industry figures show.
Posted inHousing & Development
Santa Cruz County housing picture ‘almost a buyer’s market’ as inventory, sales continue rising
Inventory and sales were up in both July over the previous month and over July 2024 as the busy summer for Santa Cruz County’s housing market continues. Realtors say the market is shifting more in favor of buyers, even if it hasn’t quite gotten there yet. They look ahead to the fall, which is typically slower, to better gauge the economy and see if the Federal Reserve makes any major moves.
Posted inHousing & Development
County housing market in ‘relaxed mode’ with high inventory, slower sales than expected
Inventory stayed high in Santa Cruz County in June following May’s big jump, and while sales were similar to the figures from May, some real estate professionals say that the market hasn’t been quite as busy as they were expecting.
Posted inHousing & Development
County home listings reach six-year high for May as market starts shifting toward buyers
After years of fierce competition, homebuyers in Santa Cruz County now find themselves with more choices and time to decide, as sellers adjust to a calmer market with more properties listed for sale.
Posted inHousing & Development
‘Herd mentality’ drives Santa Cruz County home sales to three-year high for April
April’s countywide home sales were as high as they’ve been in any April since 2022, and real estate agents point to higher inventory encouraging prospective buyers to enter the market, as they are able to explore more options than they have in recent years. Although economic uncertainty is still a major factor, experts agree that having so many homes on the market is hard to ignore from a buyer’s point of view.
Posted inLatest News
Santa Cruz County housing market sees big jump in March despite economic concerns
Santa Cruz County’s housing market took a typical jump in March as spring draws closer, but economic fears are still at the forefront of buyers’, agents’ and advisers’ minds as stock markets remain unpredictable. Many prospective buyers can still enter the market now, but even experts are not sure how things will play out as the year goes on.
Posted inHousing & Development
Economic uncertainty begins to seep into Santa Cruz County housing market
Data from January and February showed familiar numbers for Santa Cruz County’s housing market, but economic uncertainty introduced by the Trump administration is finding its way into conversations among real estate agents, mortgage advisors and clients.