Market Conditions

Market @ A Glance

California

Reporting Period

Current
Period

Last
Period

Year
Ago

Change from Last Period

Change from Year Ago

Existing Home Sales (SAAR)  *

February-14

 361,210

  363,930

  418,520

-0.7%

-13.7%

Median Home Price  *

February-14

$404,250

$410,990

$333,180

-1.6%

21.3%

Unsold Inventory Index (months)  *

February-14

4.7

4.3

3.6

9.3%

30.6%

Median Time on Market (days)  *

February-14

40.0

44.3

34.3

-9.7%

16.6%

Traditional Housing Affordability Index (HAI)  *

2013 Q4

32%

32%

48%

0.0%

-16.0%

30-year fixed-rate mortgage (FRM)  **

February-14

4.30%

4.43%

3.53%

-0.13%

0.77%

SOURCES * CALIFORNIA ASSOCIATION OF REALTORS®, ** Federal Home Loan Mortgage Corp.

 

Advertisements

Before going into real estate in 2001, I worked in the medical field. Found it very rewarding helping others and decided to make a switch and help those, who want to achieve the "American Dream". As a homeowner, I know the importance of home ownership and nothing gives me more pleasure than to place those keys into the hands of a new homeowner. I look forward to helping you, with all your real estate needs.

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Recent Comments
%d bloggers like this: