San Luis Obispo Real Estate Market Update

Happy New Year! Let’s dive into the latest trends shaping the San Luis Obispo County real estate market as we kick off 2025. In this update, Team Sweasey brings you:

🏡 Market Statistics

We’re seeing some exciting shifts! Inventory is up 20–25% compared to last year, closed sales are up by 15%, and total home sales in 2024 increased by 10% compared to 2023. With prices rising by 4%, it’s clear the market is active and thriving.

🔮 What to Expect in 2025

The new year brings hope for more inventory in the first quarter, as many sellers have been gearing up to list their homes. Buyer interest remains strong, with over 150,000 visitors to our website—proving demand is high despite steady interest rates. We anticipate a robust start to the year with plenty of opportunities for both buyers and sellers.

📋 Seller Insights

If you’re considering selling, remember the three key factors for success:

1️⃣ Location: While you can’t change it, certain areas command higher prices.

2️⃣ Condition: Updating, staging, and maintaining your home makes a big difference in attracting buyers.

3️⃣ Price: It’s crucial to price competitively—your best window to secure top dollar is within the first 7–14 days on the market. 💡 Key Takeaway: The San Luis Obispo market is thriving, but preparation is key. Buyers are active, inventory is rising, and with the right strategy, you can make the most of this exciting market.

✨ Whether you’re buying, selling, or just exploring, this market update is packed with valuable information to help you navigate the 2025 real estate landscape with confidence.

📲 Stay Connected: Like, comment, and subscribe to our channel for monthly updates and expert insights to help you achieve your real estate goals.