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Signs of Renewed Life in SLO’s Real Estate Market

Some encouraging signs of life have emerged this past month in the San Luis Obispo market. 32 single family homes and condo’s went pending or contingent in the last 30 days (Oct 10th-Nov 10th) while 27 closed. When compared to this summers July through September monthly averages, sales are running approximately 10% ahead of the summers pace. People seem to be feeling a bit more confident in the economy and trying to taking advantage of the historically low real estate prices and interest rates. This time of year also seems to a good time to negotiate deals because there aren’t as many bidders out there to compete with. Give me a call if you decide the time is right for you to explore a home purchase in San Luis Obispo.

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