Third Quarter Northern San Luis Obispo County Real Estate Statistics.

So, we have another quarter that shows the market cooling as is the case across the USA. That is shown as closed escrows on all property types are down 11% from the end of the second quarter and down 25% when compared against the 3rd quarter of 2021.
Properties in escrow were down 36% at the end of the 3rd quarter from the end of the second quarter Unsold properties on the market are 5% more than they were at the end of the second quarter so call it about even and that is why prices are for all intents and purposes are level with the second quarter at this time. If that number climbs there will be pressure downward on pricing.
In conclusion, properties are no longer receiving large amounts of multiple offers at this time, but sellers are still able to sell as long as their properties are properly priced at market value.
Have a great day and get in touch if there is anything i can do to help you.

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