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.
244 properties on the market with 19 solds in July. That equals 12.8 Months of Iventory.
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.