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How are the High End Homes Selling?

Higher-end and Mid-range homes continue to have low sales but plenty of inventory. Here is how the price categories break down for Slo County Residential Homes:

Over $1 Million –
We have 341 properties on the market and only EIGHT solds in July. This puts the inventory at 42.6 months.

750K-999K –
244 properties on the market with 19 solds in July. That equals 12.8 Months of Iventory.

500-749K –
400 properties on the market with 45 solds in July. Months of Inventory is 8.9

Under $500K –
This is the Active price range! 723 Actives with 141 solds which equals 5.1 Months of Inventory.

Written by Keith Byrd - Go to Keith's Website/Profile