"Is anything selling?"

In this Bubble called Santa Barbara!
For the buyers wondering “if anything is selling”!
Currently 41% of our inventory under $1 million is in escrow, from Carpinteria to Goleta. In other words we only have 2.6 months of inventory left in that same price range.
If we look under the $600,000 price range it gets even crazier as 58% of those listings are under contract with buyers.
Clearly homes in Santa Barbara are selling and we could use some of that “Shadow Inventory” that the Media keeps talking about. Bring it on!