In addition to the market update we’ll be sharing with you today, we would also like to take a moment to thank you all for your continued support. Your business, reviews, and referrals mean a lot to us.

With that in mind, it’s time once again for our annual movie event. This event is just one of the ways we hope to show you our appreciation. So mark your calendar for Saturday, November 10 at 9 a.m. and come join our team for a special, private viewing of The Grinch.

Moving on, we would also like to take a quick moment to review some developments in our real estate market.

First, inventory has gone up. The number of listings that came to our market this September showed a 12% increase year over year. Meanwhile, the average number of days on market is also on the rise. Beyond homes taking longer to sell, though, we have also observed a 13% drop in the number of sales between this September and the last.

So, what do all of these conditions mean?

In my opinion, buyers and sellers in the San Luis Obispo area should expect continued strength and activity from our market. Between our low crime rates, beautiful scenery, and great local economy, there’s no other market I’d rather work in.

If you have any other questions, would like more information, or are interested in how you can take advantage of our amazing market, feel free to give my team or me a call or send us an email. We look forward to hearing from you soon.