Santa Barbara Real Estate Statistical Update
May 2026
Inventory Increased to 3.8 Months. Its Held in the 2.9 Months for All of 2026
It Remains Well Below a Balanced Market of 6 Months
Single Family Homes Sold +16% ~ 100 in May 2026 vs. 86 in May 2025
Single Family Median Sales Price +1% ~ $2,312,500. in May 2026 vs. $2,281,250. in May 2025
Single Family Average Sales Price +7% ~ $3,360,386. in May 2026 vs. $3,131,325. in May 2025
Year to Date – Single Family
Homes Sold +6%
Median Sales Price -17%
Average Sales Price -6%
Condos Sold -15% ~ 34 in May 2026 vs. 39 in May 2025
Condo Median Sales Price -9% ~ $1.049,500. in May 2026 vs. $1,152,000. in May 2025
Condo Average Sales Price -4% ~ $1,300,681. in May 2026 vs. $1,347,891. in May 2025
Year to Date – Condos
Condos Sold +4%
Median Sales Price -10%
Average Sales Price -14%
Inventory ~ There was 3.81 months of supply in May. It has held in the 2.9 range for all of 2026.
Pending Sales ~ There were 117 pending sales in May. There were 120 in April, 145 in March, 131 in February and 99 in January.
Price Reductions ~ There were 82 price reductions in May. There were 79 in April, 79 in March, 60 in February and 71 in January.
Sales Price % to Original List Price ~ May homes and condos sold at 96.6% of original list price. Of the 134 sales sold in May, 17 or , 87.3% were above $1,000,000.
CASH SALES
48% of all sales in May were cash. Year to date, 41% of all sales were cash.
DAYS ON MARKET
30 days for single family homes
52 days for condos
YEAR OVER YEAR PRICE REPORT FOR MAY
Santa Barbara Median Sales Price -16.9% ~ $2,160,000. in May 2026 vs. $2,600,000. in May 2025
Santa Barbara Average Sales Price +3.7% ~ $2,700,742. in May 2026 vs. $2,603,617. in May 2025
Montecito Median Sales Price -20.5% ~ $5,600,000. in May 2026 vs. $7,041,586. in May 2025
Montecito Average Sales Price +9.5% ~ $7,322,000. in May 2026 vs. $6,681,931. in May 2025
Hope Ranch Median Sales Price -8.5% ~ $7,140,000. in May 2026 vs. $7,800,000. in May 2025
Hope Ranch Average Sales Price +13.8% ~ ~ $7,140,000. in May 2026 vs. $8,666,667. in May 2025
Summerland Median Sales Price +161% ~ $3,900,000 in May 2026 vs. $1,495,000. in May 2025
Summerland Average Sales Price +161% ~ $3,900,000 in May 2026 vs. $1,495,000. in May 2025
Carpinteria Median Sales Price +32.6% ~ $1,850,000. in May 2026 vs. $1,395,000. in May 2025
Carpinteria Average Sales Price +16% ~ $2,041,875. in May 2026 vs. $1,762,500. in May 2025
Goleta Median Sales Price +2.9% ~ $1,750,000. in May 2026 vs. $1,700,000. in May 2025
Goleta Average Sales Price +38.6% ~ $2,345,903. in May 2026 vs. $1,692,011. in May 2025
Source: CORT INDATA as of June 12, 2025. This includes both off market and MLS data combined.
