Ventura County Housing Market

If you have your eye on Thousand Oaks homes coming soon you have likely been closely watching the Ventura County housing market. With the rise in interest rates there have been many questions as to how they will affect the housing market. While it has significantly impacted the number of mortgage applications it has not impact the price of home sales. A crash in the market is not only unlikely there have been nothing but signs that point to consistent home sale price increases. If you are patiently watching Thousand Oaks homes coming soon, now is the best time to make a move towards purchasing as home sale prices continue to increase.
The median home price is currently at $799,381. This is up 15.8% since April of 2021 which is an increase of $109,239. This home sale price has created an average price per square foot of $460. The number of homes for sale has gone down from the already low inventory it’s been at creating even more of a seller’s market. In March of 2022 there were 2,045 homes for sale which dropped 2.5% in April 2022 to 1,993 homes for sale. Actual homes sold in March of 2022 was 771 which dropped 10.4% in April to 691 homes sold. Time on market has also decreased which can be expected with the decrease in inventory buyers are flocking to every home for sale. In March of 2022 the time on market was 28 days where as in April 2022 it dropped to 21 days on market. Which is a drop of 23.8%!
If our team can help you navigate this quickly evolving real estate market, we are happy to help. We always strive to help our clients achieve their greatest real estate goals. We know these constant changes can be confusing and we want to make sure that you make educated decisions for your family’s future.