July 2018 Ventura County Real Estate Market Update

Another month has gone by here in Ventura County and the housing market hasn’t slowed down! Is there pressure? Will rates go up even more? Will home prices see a drop? These questions and more are always hard to predict, but using the recent past data can help us know where market is trending. This data can help us make informed decisions about the future. Below you will see that there are more homes FOR SALE now than there have been in the last two years. Sales are steady but with a slight drop. This means home owners are understanding that home prices are still high and they can make the most money selling their home. The question is, however, when will this end? As of the writing of this blog, homes that are highly priced are STILL BEING BOUGHT. There are some home reductions but there is no drastic indication that home buyers are unable to afford these homes. See for yourself below. The bottom line is, selling is still a GOOD IDEA. Buying is also still possible, especially with interest rates still under 5% and mortgage lenders working hard to create great programs. Check out these stats and please reach out if you have any questions.

Ventura County Real Estate Market