Homes for sale in Santee, CA continue to be tough to come by, as inventory remains low at just 47 available single family detached (SFD) and 35 available attached (A) homes. The average number of homes sold and closed per month in 2013 is 58.7. Currently Santee has 82 homes for sale (47 SFD and 35 A). This means, on average Santee has about 1.39 months of inventory currently available.
However, the below chart, which shows homes closed in Santee by month for 2013, indicates a dramatic slowdown in September and October, with just 38 homes closing each month, down from a high of 85 in August.
To qualify this number a bit, it is very normal for the later months of the year to slow down some. People like to buy earlier in the year and many prefer to close before the kids head back to school. Once the holiday season begins, it is very normal for the market to slow a bit. I would expect that prices will stay relatively flat if not decrease just slightly towards the end of the year. Then depending on available homes for sale in Santee, CA in the new year, we’ll know more about which direction prices will go.
If you would like to know these stats for your zip code, simply comment below and I will be happy to gather that data. I’m also pleased to offer no obligation home valuations. Please contact me if this is of interest to you.