March 2022 Arroyo Grande Housing Report

Arroyo Grande Median Home Prices are up from last March to $1,190,000 a 38.8% Change from Last Year. There were 20 single-family homes sold during March, a 39.4% decrease last March. The area supply of homes is increasing with 29 active listings on the market which places inventory at 31.8% from a year ago. The market remains very competitive for buyers with new listings only lasting 5 days on the market. Sellers, on average, are getting 104.6% of their asking price and only 34.5% 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!

Barry Brown

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