The number of new listings of homes for sale in Montecito for February, with only nine days remaining, are trending toward a sixth consecutive month of double digit declines in the number of homes newly listed for sale in Montecito.
As of today, the newly listed homes for sale in Montecito is off a tremendous 44% over February 2009. Its highly likely that Feburary does become the 6th month in a row of significant declines in newly listed homes for sale in Montecito.
There is a good supply of homes for sale in Montecito in all price ranges, but a six month consecutive decline of new housing inventory will catch up eventually.
Interestingly, and to further this point, the number of Montecito homes sold so far this year is nearly even with the number of Montecito homes sold this time last year. If we sell the same number of homes in Montecito, but list a signifcantly lower number of new homes for sale in Montecito, we are sure to get to "eventually" sooner rather than later.
To view homes for sale in Montecito, log onto www.DistinctiveRealEstateOnline.com to browse photos and descriptions of homes matching your specific criteria. There are no pesky sign-ups. Search at your leisure. If you prefer, you can also contact me at 805.565.0246.
All My Best
Wendy Gragg
805.565.0245
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