California Real Estate Radio

Santa Clarita Real Estate Update: News, Insights, and Expert Tips for February 19, 2024Hey Santa Clarita! As your trusted real estate expert, I'm back with the latest news, insights, and tips to keep you informed about our local market and answer your burning questions. Let's dive in!Santa Clarita Market Snapshot:Inventory: As of February 17th, Movoto reports 114 active listings in Santa Clarita, a slight decrease from January's 122. This suggests a continued competitive market for buyers.Sales: Median sale price in January 2024 was $760,000 according to Redfin, a 1.3% increase year-over-year. Homes are selling in an average of 42 days, quicker than last year's 51 days.Days on Market: Redfin also shows a decrease in median days on market, reflecting the fast-paced nature of our local market.What Buyers Want to Know:Interest Rates: With potential Fed rate hikes in the pipeline, are rising rates cooling things down? Experts at NAR (National Association of Realtors) predict modest increases w