As a Realtor in Santa Barbara I often get asked, “Is now the right time to sell my house?” With October in full swing, it’s a timely question, especially considering our unique real estate landscape and impending election. Let’s break down what’s happening in our market and see if selling now makes sense for you.

1. Current Market Trends in Santa Barbara

In October 2024, Santa Barbara’s real estate market continues to show resilience. While we’ve seen some fluctuations in buyer interest over the summer, the demand remains strong. Many families are still eager to find a home before the holiday season, and they often want to settle in before the new year begins.

With average days on the market decreasing, homes are selling faster, especially in popular neighborhoods like the Mesa, Montecito, and the Riviera. If your property is well-maintained and well priced, you could attract serious buyers who have entered the market and are ready to make a move.

2. Interest Rates and Buyer Behavior

Interest rates have seen some ups and downs this year, currently hovering around 6.5%—higher than we’ve seen in recent years but still manageable for many buyers. This rate envi