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Curious what your Ventura County home is worth? Curious how the Eastern Ventura County real estate market is doing? I have your answers!
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Compared to April, May 2025 shows 333 closed sales, which is basically level with the prior month's 330 closings. This number can be misleading as most homes take 30-40 days to close escrow, which means these homes actually went under contract back in March or April.
The median sales price is up 2.7% to $989,990 and I expect this number to crest over $1 million next month! It took an average of 32 days on the market (up 23% from April) to go under contract. That means that these homes were most likely listed in February or March.
Now for the active inventory. We currently have 1,133 active listings, up roughly 7.7% over the prior month's number of 984, which includes 589 NEW LISTINGS, which is down from the prior month's 684 new listings.
Now lets look at May 2025 compared to May 2024. In the last year the median sales price has increased over 8%, the number of closed sales are down just over 9%, the median days on market is up 52%, the list price to sales price ration is still over 99%, but it is down 1.4% from last year. New listings are up over 23% and the active inventory is up nearly 57%, bringing our months of supply to 3.4, which is up nearly 73% from last year.
What does all this tell me? Well, it tells me that prices are still going up, which is more of a supply side issue due to limited production of new homes and an artifical increase in the demand for homes. Homes are taking longer to sell and they're generally not selling for over list. There are more people looking to move, which is a good sign and in line with normal seasonal trends, but the buyers are still hoping for rates to come down, which they are not likely to do this year unless there is a major loss of nationwide jobs again, according to the two economists I've spoken with this week.
The age old question is: "When is the best time to buy?", the answer is of course "20 years ago, but the next best time is NOW." Even with short-term price fluctuations, over the long term real estate in California and especially Ventura County has gone up and up. Real estate is the #1 wealth builder, which is why the majority of the world's richest people have their wealth in real estate.
So call me today to buy one of my listings!
The stats I will discuss cover the cities of Agoura Hills, Lake Sherwood, Moorpark, Newbury Park, Oak Park, Simi Valley, Thousand Oaks, Westlake Village, and Camarillo and compare April's numbers with March 2025's numbers for a month-over-month examination. Data is pulled from the Conejo Simi Moorpark Association of Realtor's MLS via Domus Analytics.
