Market Trends for Santa Barbara Real Estate from 2013 to February 2023

Historically, the California real estate market has been known for its high prices and strong demand, driven in part by the state’s strong job market and desirable location. In recent years, the market has continued to be competitive, with low inventory and high demand leading to bidding wars and rapid price appreciation.

Overall, the California real estate market remains a dynamic and competitive environment, with strong demand, high prices, and tight inventory continuing to be major factors.

In the video below Mike Simonsen from Altos Research, a national real estate research data platform, shares what he believes is in store for the spring home-buying market.

Realtor.com article: An Honest Look at Homebuyer’s New Reality