MARKET UPDATE Santa Cruz

We have seen many of the same moves in the Santa Cruz market, with limited inventory continuing to a ect the market. Units sold are down 36% year over year to just 89 sales for what is normally the best quarter for the largest market in the county. In contrast to some of the other markets, the average sale price rebounded due to a sales composition weighted heavily on the higher end. A major drop from Q1 in DOM to 26 days shows the limited inventory continues to keep competition relatively high. is has kept MOI low at 2.6 months, though it continues to build slowly.

AVERAGE SELLING PRICE

$1,845,430 23.5% 3.9% versus Q1 2023 versus Q2 2022

DAYS ON MARKET

26

39.5% 100% versus Q1 2023 versus Q2 2022

SALES VOLUME

$164,243,250

71.8% 33.9% versus Q1 2023 versus Q2 2022

UNITS SOLD

89

39.1% 36.4% versus Q1 2023 versus Q2 2022