Market Updates

Santa Cruz County First Quarter Market Report

May 1, 2019

Median sale prices rose by 6% in Santa Cruz County compared to 2018 and the number of sales dropped. Interest rates are on the rise, which has limited buyers’ purchasing power; as of now, buyers need a nearly perfect credit score to get the best interest rates. Asking prices are down by 3% compared to the first quarter of 2018. Houses are lingering on the market – another indicator of diminishing buyers’ purchasing power.

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