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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
Homes were slightly more affordable in Q3 2016 compared with Q3 2015. 31% of California households could afford to purchase a median-priced single-family home in Q3 2016 vs 29% in Q3 2015.
California pending home sales improved from the previous month and year, however, overall market conditions appear to be slowing down and closed transactions plateauing.
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
Strong seasonal price increases made it harder for Californians to purchase a home in the second quarter of 2016.
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.