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.
Santa Cruz County housing market updates
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.
Posted inLatest News
December housing market held no big surprises, but a jump in activity could be on the horizon
The final month of 2024 looked similar to past Decembers, with sales down from earlier in the fall. New listings are already coming down the pipeline, though, which means that a hot market could return sooner than its usual post-Super Bowl appearance.
Posted inHousing & Development
Santa Cruz County sees busiest November housing market in three years
Santa Cruz County home sales were strong in November, reaching a three-year high for the month. Real estate agents point to several factors including good weather, a Fed rate cut and a post-election boost.
Posted inHousing & Development
Housing market takes a jump in October as it approaches winter lull
October saw a lot of activity in the Santa Cruz County housing market, with noticeable jumps in home sales over September. As the often-slow winter season approaches, real estate agents are looking to the spring, when tech money could bring more lucrative buyers to the market.
Posted inHousing & Development
Fall housing market off to slow start, but rate cuts prompt some buyers to jump in
The Santa Cruz County housing market saw slightly less activity than usual in the early fall months, but real estate agents expect that to pick up as October continues. The Federal Reserve’s decision to cut short-term rates in September has brought in some prospective buyers.
