The local Santa Barbara South Coast real estate market is outperforming 2018 in sales volume, price and marketing time. Year- to-date average sales prices for single family homes are up 8% over last year as of the end of August and the median now stands at $1,250,000 --the highest January-August median sales price we have ever seen, beating pre-recession levels. The sweet spot in our market continues to be at $1MM to $1.4MM. There are currently approximately 580 active listings from Goleta to Carpinteria and this translates to a 5.2 month supply of homes if inventory remains steady. We are currently in a balanced sales market for homes. Trends vary from neighborhood to neighborhood, of course, and the luxury areas of our market favor buyers on the whole.