Current Ventura County Real Estate Market
It is no secret that home prices are on the rise in Ventura County. If you are looking for Moorpark homes coming soon you have likely noticed that prices continue to rise day by day. The upward trend seems to have no end in sight but the increased mortgage rates seem to be slowing the market ever so slightly. While prices remain extremely high and are still climbing, the volatility seems to be slowing.
February of 2022 saw an increase in home prices of 15.8% in comparison to February 2021. This put home prices selling at a median of $810,000 which created record highs for the area. In February of this year homes sold on average in less than 30 days with the majority selling in much less than that. February of 2021 saw homes selling in roughly 36 days. However, only 522 homes sold in February 2022 versus 591 homes in 2021. This decrease in number of homes sold in comparison to last year is likely the cause of the dramatic increase in home sale prices. The low inventory has created a supply and demand issue creating bidding wars on most home sales.
Moorpark homes coming soon continue to maintain the upward trend of increasing home sale prices year over year. However, we encourage you to not let this information intimidate you. As your local Moorpark real estate experts, we can walk you through the process of finding a home that fits within your budget and meets all of your must have items. Conversely, if you are considering selling your home we can help you navigate how to use these trends to your advantage and get top dollar for your home. In many cases we are able to get top dollar for your home without the hassle of having to go through multiple showings.