SANTA BARBARA COUNTY - According to market research provided by realtor.com, the median list prices for homes in the Santa Barbara/Santa Maria/Lompoc market reached $710,000 in October. The figure represents a 27.03 percent increase from one year ago and a 2.07 percent decrease from September 2012. In comparison, the national median list price in October 2012 was $189,900.
Sales inventory in October of homes in the same market was 1,358, a decrease of 27.36 percent from October 2011. The median age of inventory for the Santa Barbara market was 77 days, which represents a 6.10 percent decrease compared September 2012. As for national numbers, the median age of inventory was 97 days, a 2.11 percent increase compared to September.
The Santa Barbara/Santa Maria/Lompoc region was the 95th most searched market in the United States for September 2012. The number is actually in the lower half of the 146 Metropolitan Statistical Areas in the country. The top most researched area in the nation for October was Chicago, Illinois. The most researched area in California was Los Angeles-Long Beach, which ranked third nationally.
