San Luis Obispo-Paso Robles, CA

With the pending ratio at 0.37 and increasing inventory, prospective purchasers likely encounter a less constrained selection of properties. The deceleration in median listing price and median $/sqft suggests that price discipline may be more pronounced for sellers. The extended duration of properties on the market, at a median of 66 days, implies a reduced urgency in transaction pacing.

While the median listing price declined year-over-year, the average listing price increased by 2.5%, widening the spread between average and median pricing and suggesting some resilience or price adjustments within the higher value segments. The median $/sqft, however, registered a slight decline across the market.

743 active listings represent the current floor, with new supply arriving at roughly 288 per month.

of active listings carry a price reduction, -0.4% from prior period.

Median price per square foot has moved -1.3% year-over-year.

Pending-to-active ratio — Cooling.