April 2022 Arroyo Grande Housing Report

Arroyo Grande Median Home Prices are up from last May to $1,001,000, 34.6% higher than Last Year. There were 28 single-family homes sold during May, a 12.5% decrease from last May. The area supply of homes is increasing with 38 active listings on the market which places inventory at 52.0% above a year ago. The market remains very competitive for buyers with new listings only lasting 11 days on the market. Sellers, on average, are getting 100.0% of their asking price and 39.5% of sellers had to make any type of price reduction from the original list price to get their home sold. There has been an additional market improvement for buyers from the previous month. Please contact me for a Market Report for your area! And if you’d like a report that shows the leading indicators as to where the market is headed over the next 30 to 90 days in your area, sign up for free! Just click on the link below and you will be taken to the Arroyo Grande Report then simply place your city or zip code in the Search Box at the top of the page! altos.re/r/6a5871ba-8c43-4e0e-b732-08edca9fdb89?fbrefresh=true

Barry Brown

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