Are you wondering how the Millon $+ properties are doing??
I calculated the Months of Inventory and it’s at 59.8 months. That’s almost FIVE YEARS of inventory! There were only 6 properties over $1M that sold last month and we have 359 properties currently on the market. Those properties sold in Los Osos, Avila Beach, Arroyo Grande (2), Nipomo, and Atascadero.
There were 15 propertes over $1 Million that went Pending in November so we’ll see how many of these close this month.