December Market Review

December Market Update – Welcome to the New Year

Happy New Year! As we step into 2025, the Atascadero real estate market is already showing signs of continued competition. With low inventory levels and strong buyer demand, it’s shaping up to be another dynamic year. Let’s dive into the latest market trends and what they mean for buyers and sellers in our community.

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

Low Inventory Continues to Drive Competition

The Months Supply of Inventory is currently at 1.39, highlighting a tight market with limited homes available for sale. With demand outpacing supply, buyers are facing increased competition, often leading to quicker sales and higher offers.

This scarcity of available homes is further emphasized by a -34.74% year-over-year decrease in the 12-Month Change in Months of Inventory. The trend suggests that inventory levels are continuing to decline, making it crucial for buyers to act swiftly when a desirable property hits the market.

Homes Are Selling Quickly

The Median Days on Market is now just 18 days, meaning homes are selling at an accelerated pace. This quick turnover is a testament to high buyer demand, with well-priced homes moving off the market faster than before.

Strong Sale Prices Indicate a Seller’s Market

Sellers continue to see strong returns, with the List to Sold Price Percentage at an impressive 99%. This means most homes are selling very close to their asking price, underscoring the importance of strategic pricing when listing a home. Buyers should be prepared to submit competitive offers, as there is little room for negotiation in this fast-paced market.

The Median Sold Price has reached $805,000, reflecting a slight decrease compared to previous months. However, this is likely a seasonal trend, as the market typically slows down during the holiday season. Despite this dip, demand remains strong, and inventory levels are still low, suggesting that prices may rebound as the market picks up in the coming months.

What This Means for You

• For Buyers: The market remains highly competitive, and preparation is key. Getting pre-approved for a mortgage, working with a knowledgeable local agent, and being ready to make a strong offer can improve your chances of securing a home.
• For Sellers: With inventory low and demand high, now is a favorable time to start preparing your property for the market. As we move into spring, we anticipate a strong market with increased buyer activity, making it an opportune time to list. Proper pricing and marketing strategies can help ensure a quick and successful sale at top dollar.

If you’re thinking about buying or selling in Atascadero, I’d love to help guide you through the process. Feel free to reach out with any questions or to discuss the best strategy for your real estate goals.

Stay tuned for more updates, and as always, I’m here to help you navigate this ever-changing market!