After starting the year on a positive note in January, home sales and median price backpedaled on a monthly basis in February, but still showed strong gains on a yearly basis. Home sales totaled 400,500, down 4.7% from January and
California’s housing market started the year on a high note, following up on December’s strong showing with higher sales both on a monthly and yearly basis in January. Up 2.1 percent from December and 4.4 percent from January 2016.
California home price ends year on high note while sales moderate in December. The statewide median home price was $509,060, up 3.9 percent from last year. For 2016 as a whole, a preliminary 416,250 single-family homes closed escrow in California,
Following last year’s new mortgage industry regulations that delayed some escrow closings, double-digit annual sales increases across every major region of the state propelled California existing home sales. The statewide median price decreased for the third straight month but remained
Bolstered by healthy sales activity in Southern California and the Central Valley, California existing home sales and median price gained ground in October. On a seasonally adjusted annualized rate, sales was up 8 percent from October 2015. The statewide median
California existing home sales eked out a minimal year-over-year gain in September for the first time in seven months as a shortage of homes available for sale continues to hold back the market. The median home price was $514,320 up
California home sales downshifted in August as low housing affordability and a tight supply of homes for sale cut into demand, especially in high cost areas of the San Francisco Bay region. Home sales remained above the 400,000 pace for
After a couple months of lackluster growth in transaction volume, California existing home sales rose to their highest level in nearly four years in June, as sales surpassed the 400,000 mark for the fourth consecutive month.