The California Association of Realtors closely monitors and analyzes trends in the residential real estate industry. The table below contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates.
California home prices increased 7.2% in March compared to the previous year, the number of sales increased 7.3% while the amount of unsold inventory dropped 4.2%. This is all great news for the California real estate market!
Information courtesy of Orange County Real Estate Experts the Hartanov Team.