Market Intelligence Report — CA-200

Santa Maria-Santa Barbara, CA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-CA-09
As of the latest 2026 data
Cooling

Median Listing

$1.72M
-8.9% YoY

Pending Ratio

0.33
+1.6% YoY

Active Inventory

718
+4.4% YoY

Median DOM

58 Days
-10.8% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Santa Maria-Santa Barbara market?

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The Santa Maria-Santa Barbara market is characterized by cooling conditions, with the pending ratio registering at 0.33. This reflects a deceleration in demand absorption, alongside a year-over-year decline in the median listing price by 8.9%.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.5%-0.1 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

442,065-0.2% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Santa Maria-Santa Barbara market right now.

Inventory levels have seen a modest annual increase of 4.4% in active listings, while new listings remained relatively stable with a marginal year-over-year contraction of 0.8%. Pricing trends indicate downward pressure, with the median listing price declining 8.9% over the past year. Demand signals, as indicated by the pending ratio, suggest a slower pace of transactions, despite a small year-over-year increase of 1.6% from a low base.

Historical Analysis

Market Trends

Median Price

$1.72M+1.5% MoM

Active Inventory

718+4.4% YoY

Days on Market

58-10.8% YoY

Sold Score™

51+1.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

51
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market dynamics suggest a slower pace of transactions, reflecting reduced inventory pressure compared to prior periods. Price discipline appears to be tested, with a notable share of listings experiencing price reductions. Negotiating leverage has shifted, aligning with conditions of reduced demand intensity and expanded inventory.

Luxury Segment

Observations in the higher-price tier indicate softness, with the average listing price declining 16.0% year-over-year. The median price per square foot also contracted by 11.4% over the past year, consistent with broader market deceleration affecting premium segments.

Supply Dynamics

718 active listings represent the current floor, with new supply arriving at roughly 260 per month.

Pricing Pressure
16.1%

of active listings carry a price reduction, +1.1% from prior period.

$/Sq Ft
$1K

Median price per square foot has moved -11.4% year-over-year.

Absorption
0.33

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Santa Maria-Santa Barbara, CA? Homes here are taking 7 days less to sell than last year.

Buyers have leverage in Santa Maria-Santa Barbara, CA. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
33%
Median Days on Market
58 days
Inventory YoY
+4%

In a buyer's market, strategy beats timing. See how your home scores in Santa Maria-Santa Barbara, CA and what moves the number.

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Metro Demographics

Metro Area
Santa Maria-Santa Barbara, CA
CBSA Code
42200
State
CA

ZIPs in Santa Maria-Santa Barbara, CA

Sorted by active inventory · click a ZIP for its full report