Market Update May 2020 – Santa Cruz

In Santa Cruz County, the median Single Family home cost $850,000 and sold in 18 days for 99% of the list price based on 91 sales in May 2020.
Inventory was up 24% from April, and down -14% from May 2019 with 439 homes available, compared to 508 homes last year.
Average days on market (DOM) moved up 4 days from 30 to 34 or 13%; median DOM went up 9 days from the month before.
The number of new listings for the month of May increased 55% over April and decreased -6% from May of last year.
Closed sales lost -3% from April from 94 to 91 homes sold. This was down -38% from May 2019.