May certainly was an active month for Santa Barbara's residential real estate market, marking the 5th consecutive month of year over year increases for sales in southern Santa Barbara County. During the month of May, 265 transactions closed, up from 197 during the month of April. So far, 2013 has seen steady increases in home sales each month, a very promising trend as we continue to roll into the summer selling season. The economy is continuing to make a rapid recovery allowing the real estate market to experience resurgence as well as shifting trends. As we reported last week, the average size of homes is increasing, which was also credited to the economy's recovery as American's are able to afford more space. Perpetually increasing sales combined with increasing trends in home sizes are strong indicators that the residential real estate market of Santa Barbara and the surrounding communities of Montecito, Carpinteria and Hope Ranch is active and promising!
Santa Barbara County Sales for May 2013