Arroyo Grande  Median Home Prices were up from last May to $1,130,000, a +23.5% change from last year. There were 14 single-family homes sold during May, a 51.7% decrease last May. The area’s supply of homes grew with 37 homes on the market which placed inventory up 42.3% from a year ago. The market remains very competitive for buyers with new listings only lasting 19 days on the market. Sellers, on average, received 100% of their asking price but 43.2% of sellers had to make a price reduction from the original list price to get their home sold indicating possible home prices are softening. 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!  CLICK HERE  for your free report!


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