Checkout California market at a glance! The median home prices* for period March 2013 compared to a year ago post a price increase of 28.2%. The median time for a home (days) on the market* post a decrease change from 29 days compared to a year ago when it was 52 days. An indication for housing demand throughout California continues to change year over year projecting prices of homes to keep rising, fewer days on the market, and elevated mortgage interest rates.
-Richard
|
California |
Reporting Period |
Current |
Last |
Year |
Change from Last Period |
Change from Year Ago |
|
Existing Home Sales (SAAR) * |
March-13 |
417,520 |
417,310 |
439,260 |
0.1% |
-4.9% |
|
Median Home Price * |
March-13 |
$378,960 |
$333,380 |
$295,630 |
13.7% |
28.2% |
|
Unsold Inventory Index (months) * |
March-13 |
2.9 |
3.6 |
4.2 |
-19.4% |
-31.0% |
|
Median Time on Market (days) * |
March-13 |
29.4 |
34.2 |
52.2 |
-14.0% |
-43.7% |
|
Traditional Housing Affordability Index (HAI) * |
2012 Q4 |
48% |
49% |
55% |
-1.0% |
-7.0% |
|
30-year fixed-rate mortgage (FRM) ** |
March-13 |
3.95% |
3.89% |
4.84% |
0.06% |
-0.89% |
|
SOURCES * CALIFORNIA ASSOCIATION OF REALTORS®, ** Federal Home Loan Mortgage Corp. |
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