After a solid start to the year in closed escrow sales, low housing inventory, eroding affordability, and rising interest rates mildly pulled back pending sales on a year-over-year basis in February.
CA Pending Home Sales February 2017
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February 2017 California Sales
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
January 2017 California Sales
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.
December 2016 California Sales
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,
November 2016 California Sales
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
October 2016 California Sales
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
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Pending Sale Index Sept. 2016
California pending home sales improved from the previous month and year, however, overall market conditions appear to be slowing down and closed transactions plateauing.