how’s the market
Housing prices remain steady, although we’re seeing some signs of the end of the “summer rush.”
August showed a steady pace in the Santa Clarita real estate market, with new information released by the Southland Regional Association of Realtors.
While there were no “wild rides” real estate-wise, we did see a market that held its own through what most consider the “dog days of summer.”
Median home prices and sales remained somewhat the same as July, with median sale prices holding at $415,000, which includes both single family residences and condominiums. We saw a slight drop in the number of home listings at 441 for August, compared to 500 in July, but the number of escrows opened and closed barely changed month over month.
Santa Clarita also saw only a slight drop in the median list price in August at $447,000 compared to $459,000. This accounts for typical pricing adjustments as the summer rush comes to an eventual close. Continue reading