May 2025 Market Report

Full Report

If you’ve been watching the Santa Barbara real estate market this spring, you’ve likely noticed a mix of optimism, opportunity, and ongoing shifts. Our May 2025 Market Report is in—and it offers valuable insight into how each local area is performing and where the market may be leaning as we head into summer.

📉 Inventory is Up, But So Are Days on Market

Compared to May 2024, the number of active listings has increased significantly across the region. However, homes are sitting longer, with Days on Market rising in almost every submarket. This indicates that while buyers have more choices, they’re moving more cautiously—and pricing strategy is more important than ever.

🏠 Sales Volume Varies by Neighborhood

Goleta and Santa Ynez have seen more consistent activity, while Montecito, Hope Ranch, and Carpinteria/Summerland show notable year-over-year declines in closed sales. On the flip side, South Santa Barbara is holding relatively steady, suggesting location and price point continue to be key differentiators.

💰 Pricing Remains Strong—For Now

Despite softer sales in some areas, median sales prices remain high, particularly in South Santa Barbara and Montecito. Yet with the average price per square foot dipping slightly in a few pockets, sellers should be realistic and strategic as the market continues to shift.

📊 What This Means for You

Whether you're considering listing your home or exploring investment opportunities, understanding the nuances of each local market is essential. From Hope Ranch to the Santa Ynez Valley, this report breaks down the numbers you need to know—visually and succinctly.

👉 Want the full story?

Check out the full Santa Barbara Area Real Estate Report through May 2025 for detailed breakdowns by neighborhood, charts, trends, and expert insight.

Alyson Spann

Alyson@SpannAssociates.com

805.637.2884