Market Update July 2020 – Santa Cruz
Take a look at how hot our Santa Cruz market has been as of lately. Home buying has been in high demand. If you are interested in buying or selling please let me assist you and allow me to help you navigate to a successful closing.
In Santa Cruz County, the median Single Family home cost $1,000,000 and sold in 15 days for 100% of the list price based on 223 sales in July 2020. Inventory was down -7% from June, and down -35% from July 2019 with 390 homes available, compared to 603 homes last year. Average days on market (DOM) dropped -3 days from 37 to 34 or -8%; median DOM dropped -5 days from the month before. Number of new listings for the month of July increased 5% over June, and decreased -11% from July of last year. Closed sales increased 19% from June from 188 to 223 homes sold. This was up 43% from July 2019.