January 2024 CSMAR Report: Real Estate Stats for the Conejo Simi Moorpark AORⓇ Service Area

The residential real estate market in the Conejo, Simi and Moorpark areas are still experiencing strong demand with tight inventory, similar to December.

Median sales prices saw a 22.4% increase from $776,000 to $950,000. The number of closed sales had a slight increase of 1.3% from 155 to 157. The median number of days to contract saw an even larger drop 27.5% from 40 days to 29 days. The average percent of list price received increased .7%, from 98.6% to 99.3%. The median price per square foot for homes sold in January increased 13%, from $461 to $521. The number of new listings surprisingly increased 9.1% from 263 to 287. The active inventory of available homes decreased 9.9%, from 435 to 394. The months supply of inventory, which is an estimation of the time it would take to sell off the current level of inventory, decreased 13.8%, from 2.9 months to 2.5 months. A months supply of inventory below five months is typically considered a seller’s market.

• Median Sales Price: +22.4%

• January 2024: $950,000

• January 2023: $776,000

• Closed Sales: 1.3%

• January 2024: 157

• January 2023: 155

• Median Days to Contract: -27.5%

• January 2024: 29

• January 2023: 40

• Percent of List Price Received: +.7%

• January 2024: 99.3

• January 2023: 98.6

• Median Sold Price Per Square Foot: +13%

• January 2024: $521

• January 2023: $461

• New Listings: 9.1%

• January 2024: 287

• January 2023: 263

• Active Inventory: -9.9%

• January 2024: 394

• January 2023: 435

• Months Supply of Inventory: -13.8%

• January 2024: 2.5

• January 2023: 2.9