Unlocking October’s Real Estate Insights: Your Santa Barbara Market Recap

Santa Barbara’s housing market remains healthy, with an increasing number of properties available for sale.

The Santa Barbara South Coast single-family market continues to demonstrate balance and resilience. Year-to-date, sales are up 13% (roughly 803 homes sold), the median sale price has risen 8%, and pending sales a strong indicator of demand are up 15%. Additionally, inventory has increased by 14%, providing more options for buyers who have been waiting for the right opportunity.

Interest rates remain the driving force behind today's market, continuing to shape the pace and direction of housing activity. While the past few years have shown fluctuations, the market has stabilized with solid fundamentals and sustained buyer interest.

Everything in real estate comes down to having a clear plan and making thoughtful adjustments based on market trends and neighborhood conditions. Understanding these trends allows you to position yourself strategically, whether you're preparing to buy or sell.

Now is an excellent time to begin planning your next move. Based on the current economic environment, interest rates are expected to hover around 6.25% and may dip into the high 5's by 2026. Taking steps today even small ones will make a meaningful difference when the right opportunity arises.

If you'd like a detailed conversation about your neighborhood's current activity or want to explore what's possible for your next step, I'm always here to help.

You don't need to feel completely ready to reach out. In real estate, as in life, it's not about waiting to become ready, but rather beginning in order to become ready. Whether you're still exploring ideas or preparing to take action, I'm here to provide clarity, guidance, and support at your pace.