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Homes spent 42 days on the market in the three months ending August, up modestly from a year ago, while sales volume climbed 18% against tight inventory.
County supervisors took up a package of land-use rule changes affecting Montecito and the coastal zone, alongside several non-housing items on the September 1 agenda.
Median asking rents climbed 3.1% over the past 12 months, running ahead of the roughly 2% pace seen across the wider region, according to Zillow data.
The city's median sale price rose 2.5% year-over-year while the number of homes sold jumped nearly 20%, tightening an already low-supply market.
The city's median rent climbed 2.0% over the past year, close to the roughly 1.6% pace seen across the region, keeping housing costs elevated for local renters.
A shift toward larger or higher-value homes pulled the headline figure down even as per-square-foot prices climbed nearly 9% over the past year.
County supervisors moved forward on several affordable and workforce housing agreements, greenlit bond financing for a homeless-housing provider, and reviewed the year's homelessness numbers during their July 14 meeting.
County supervisors approved a homeless-services contract, advanced a new crisis treatment facility, and scheduled upcoming votes on rezoning projects in the North and Central county.
Supervisors approved state funding paperwork for a new affordable project in the Fifth District, authorized a major application for permanent supportive housing dollars, and renewed roughly a dozen contracts that keep residential mental health beds open across the county.
The coastal city's median asking rent edged past a symbolic threshold in May, climbing 3.6% over the year as affordability pressures deepened for local households.