As we watch the current levels of real estate inventory for the Santa Clarita Valley Cities, we are at one of the highest points we have had during the past 12 months. Going from under 500 listings to just breaking 700 active listings yesterday.
One of the items that all of the local Santa Clarita Realtors can attest to is a slow down in the local SCV Realty markets.
We have seen that the following market conditions exist in the Santa Clarita Valley cities.
Castaic CA Real estate market
To start with Castaic CA Real Estate is showing a median price this week of $499,950. We have had inventory at around 61 listings that they have been on the current Castaic Re-sale market for about 44 days on average.
The Castaic Market Action Index has been trending down lately and we are seeing the inventory climbing in Castaic - these trends happen to point to a weakening market and the slow shift from a sellers to a buyers real estate market.
Other Resources: See all of the Castaic Real Estate listings currently on the market
Canyon Country Realty Housing Market
Canyon Country California, located in the Santa Clarita Valley, this week we see the median price flat in CC at $499,900. We have also been tracking 107 real estate listings in Canyon Country that have been on the market for the past 61 days on average.
The same case applies to Canyon Country CA as we observed in Castaic - Flat market and the Market Action Index has been trending down lately. This too indicates a weakening market in Canyon Country real estate.
Further Resources: View all of the Canyon Country realty for sale
Each of the other Santa Clarita Valley Cities, Newhall, Saugus, Stevenson Ranch and Valencia are showing similar trends.
Additional Resource: Read about the other Santa Clarita Cities Housing Markets