September Market Review

As we wrap up the 3rd Quarter of 2024, the real estate market in Atascadero continues to evolve, offering exciting opportunities and some challenges to keep an eye on. Whether you’re thinking about buying your first home, selling your property, or just watching the market, staying informed on the latest trends is key. In this post, I’ll break down the numbers and what they mean for you, so you can make confident decisions moving forward.

Let’s dive into what we saw this past September.

Here you can see a break down of last months trends in Atascadero, CA.

What Are We Seeing?

Right now, the market is in a pretty good place, with supply and demand balancing out. The Months Supply of Inventory is at 1.91, which means there are still fewer homes for sale than last year, even though inventory has slightly increased (+2.69%) for the year. Homes are moving quickly, too—once listed, they’re typically getting under contract to sell in just 14 days!

For sellers, this is great news. On average, homes are selling for a little above their asking price, with a List to Sold Price Percentage of 100.5%. And with the Median Sold Price landing at $697,500, we may be seeing listings coming up at competitive prices, creating multiple offers for well-priced properties that slightly increase the List to Sold Price we are seeing.

What Does This Mean For You?

We are seeing a competitive but balanced market. Sellers are still getting strong offers and quick sales, particularly for thoughtfully priced homes, while buyers may need to be ready to act fast to grab their perfect home. This means that buyers should be doing their prep work by getting pre-approved with a good lender and having an agency agreement with a Realtor.

As you navigate the ever-changing real estate market, having the right guidance can make all the difference. Whether you’re looking to buy, sell, or just have questions about the market, I’m here to help. With my creative approach and dedication to understanding your unique needs, I’ll work with you every step of the way to ensure you feel confident in your decisions.

Ready To Take The Next Step?

If you’re ready to explore your options or just want to chat about the market, feel free to reach out. I’d love to connect and help you make the most of this exciting time in real estate!

Talk to you soon neighbor!