Moorpark Versus Ventura County Real Estate

As mortgage interest rates continue to rise buyers and sellers alike have been keeping a closer eye on the market. While it is easy to make assumptions about how the mortgage interest rates are affecting the real estate market it is more important to closely observe how it is actually playing out. There are many trends you can observe while watching Moorpark homes for sale in comparison to Ventura County as a whole. See below for some of the major real estate updates to the market as of August 2022.
In Ventura County real estate prices rose 3.9% in August 2022 up from August 2021. However, in Moorpark the real estate prices rose a whopping 6.3% in August 2022 from August 2021. This trends continues to make Moorpark an ideal investment on top of a wonderful place to live. The median sale price of Ventura County homes is currently $805,000 whereas the median sale price in August of 2022 for Moorpark was up to $934,000. This significant upward trend is comforting to both buyers and sellers alike. Despite the rise in mortgage interest rates the market continues to stay strong.
A noticeable change was made in the days on market for both Ventura County and Moorpark alike. In August of 2021 homes in Ventura County sat for 34 days whereas in 2022 they are sitting slightly longer at 41 days on market. This is likely directly related to the change in the mortgage interest rates but not a concerning high number, nevertheless. In Moorpark homes were sitting for merely 30 days in 2021 and have risen to 37 days in 2022. If you are in search of Moorpark homes for sale and are curious how this data affects you, our team is always here to help you through the process.