Santa Cruz County unit sales in June showed the largest increase since June of 2006. In addition, the available inventory is now at only 5.2 months which is the closest we have been to a sellers market in a very long time.
These statistics are still showing great affordability with the median price now at $519,000 as compared to $600,000 in June 2008.
Statistical Highlights for Single Family Homes:
* Inventory increased 1.0% from May ‘09, and down 21.8% from Jun ‘08
* Unit sales increased 37.4% from May ‘09, and 22.4% over Jun ‘08
* Days on the market decreased over May to 111, prior year 121
* Median price increased 12.2% from May ‘09 but decreased 13.5% compared to Jun ‘08
* Sales price vs. listing price ratio decreased over May ‘09 to 95.96%
* 5.2 mo’s of inventory available at the end of Jun ‘09 as compared to 19.7 in Jun ‘08
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(These statistics are believed to be accurate but not guaranteed)
All statistics for Santa Cruz County at this link.
