Welcome to the Santa Barbara Real Estate market update for September 2022.

All real estate markets are particular to that state, town, or area. There are macro (National) and micro (local) influences that affect property values and market trends. The focus here is local with attention to the number of sales for single-family homes and condominiums, market trends year over year, and what kind of market we’re experiencing at this time. Spoil alert it’s still a seller’s market in Santa Barbara due to low inventory as buyers continue to struggle with rising interest rates.

Data provided by Fidelity Title Company of Santa Barbara, California