How inflation cooled a red-hot housing market in San Luis Obispo County
2022 was a year in housing marked by a market that started off red-hot and quickly cooled in the summer, and San Luis Obispo County’s ultra-competitive market was no different.
A look at the numbers behind SLO County’s housing market paints a picture of volatility that hugged tightly to the inflationary pressures that began to price out buyers as the year went on.
New listings began a steady decline as spring turned to summer, while rent crept upwards in many SLO County cities.
Meanwhile, the median price of homes throughout the county wavered all year, ultimately settling lower than they started.
Here are the numbers that said the most about the state of the SLO County housing market in 2022.
This story was originally published January 17, 2023 at 5:30 AM.
