Spann & Associates
July 2020 Santa Barbara Market Report ytd
Updated: Aug 21, 2020
MARKET SUMMARY YEAR-TO-DATE
The year began with strong sales activity fueled by a strong economy and ongoing low interest rates. When the country, and our local community, began to grapple with the ramifications of dealing with the virus, sales activity went from bewilderment and paralysis in March and April to, astonishingly, a robust sellers’ market by May and June. Pending sales for homes and PUDs for the month of June 2020 were up three times the number for April 2020; 149 versus 50. By comparison, we saw 103 pending sales for the month of June 2019, showing a significant jump in demand year-over-year.