April, the second month of the COVID19 'new economy', saw a 31.6% decline in home sales in Ventura County from the previous April, prices holding steady with an increase of average price to $726,300 overall (+5.7%).
This month has seen a stop/start of the housing market as real estate was not deemed an essential business by the County for half the month. This affected the ability to show homes, etc...
Add to that wild stock market swings early in the month which temporarily affected consumer confidence and you can see why sales were in decline.
Camarillo had a similar trend with homes sale of 67 (down 25.5%) but prices up to an average of $704,800.
Ojai home sales were down slightly to 18 with home prices jumping more than 30% to an average $1,304,700.
Oxnard home sales were down 18.6% to 83 with home prices declining 1.5% to $610,400.
Ventura home sales saw a steep drop of 47% to 60 for April with prices down 3.7% to an average price of $610,200.
Short term forecast: The economy starting to open up in May will lead to the resumption of a more normalized sales trend.
