January 2011 Market Watch for North San Luis Obispo County and Monterey County

North San Luis Obispo County Active Listings: There are a total of 1,778 properties actively on the market with an average list price of $648,048.

North San Luis Obispo County Sale Pending/Sold: There are currently 188 properties with sales pending and 1,041 properties that closed in the past 6 months.  The average sold price is $390,082 and the average time on market is 116 days.

North San Luis Obispo County Absorption Rate/Supply: The current month supply of homes on the market is defined as the ratio of the current inventory of active listings compared to sales.  In other words, given recent sales activity, one can estimate how long it would take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market.  At the present time it will take about eight and a half months to sell all of the current active listings, without adding any new homes for sale.

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