MARKET UPDATE MARCH 2023Posted by Michele Replogle on
Things are happening out in the world, and there is a lot of general reporting on the real estate market, but here I will talk about what I know which is the Santa Cruz County market. Currently, we are seeing very low inventory levels. Only 170 listings county wide and prices range from $10,000 million to $399,000 as you can imagine that equates to very few listings that fit the location and budget of the average buyer.
I had a conversation with a seller recently and I said, “you know what? We talked about your home going on in May, and I still stand by that right now.” It is still pouring rain. It's still snowing in some parts of our county, and it is slowing the market down or basically stopping it even more than Covid did. Sellers are holding back…
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