Santa Cruz Market Statistics
Posted by Paul Burrowes on
We’ve already seen early signs that the market in Santa Cruz is cooling—inventory hit a six-year high back in May, homes are sticking around for over 45 days in some areas, and sale prices have slipped below their 2021 peaks. In terms of whether it's a buyer's or seller's market, the consensus is shifting. While it's still largely considered a seller's market due to high demand and limited inventory, there are signs of it becoming more balanced. Homes are staying on the market longer, and inventory levels are at a six-year high, giving buyers more negotiating power and a greater selection of properties to choose from. Some real estate experts are even describing the current conditions as a "sweet spot" that is moving in the direction of a buyer's…
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