Monday Market Update: Statewide Stats from CAR®

The average sales-to-list price ratio holds steady as homes are in demand!

July is just about over, and the June housing numbers are ripe for comparison. Before we find out how this month fared for sales and prices, we wanted to share with you how June turned out. Please see below for an infographic from the California Association of Realtors (CAR)®.

As you can see, our state’s median home price is $900,720 – demonstrating the 3rd month in a row with a median price above $900,000. Average days on market is 18, and the average sales-to-list price ratio sits right at asking. The number of monthly units sold did drop, as sales were 272,410 in May and 270,200 in June. The CAR® Market Minute Wrap-Up suggests that trend could reverse in July, as early month new escrow number point to sales improvement. Read more about the increase in housing inventory and new housing starts here.

In summary, CAR® believes that “home sales should improve in the second half of the year but at a more gradual pace than what was projected earlier.” No matter what any of us think will happen, the most important things are what we need to do for our own financial and personal situations, and what actions we take to make it happen!

All my best,

Bobbi

Bobbi Decker
DRE#00607999

Broker Associate, Bobbi Decker & Associates
650.346.5352 cell
650.577.3127 efax
www.bobbidecker.com
NAR Instructor….“Designations Create Distinctions”
CIPS, SRS, ABR, CRS, SRES, GRI, CLHMS, REI, AHWD, RSPS, MSLG

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/