Conejo Valley Single-Family Market Updates
Monthly updates on the Conejo Valley single-family housing market
The Conejo Valley single-family housing market held up despite mortgage rates in the mid-6% range. We continue to see some of the same themes that have defined the past year. At the same time, months of inventory tightened to just 2.5 months. Possibly an early signal that pricing and selling times will stabilize.
Looking at March housing data, the primary question is how the Iran War and rising interest rates have affected the housing market. And the answer, at least for the Conejo Valley, is a little but not a lot, providing reason for optimism heading into the Spring.
