Monday Market Update: The Golden State's Latest Sales Statistics
Check out last month’s sales & price report courtesy of the California Association of Realtors (CAR®)!
Can you believe that in less than one week, we will be welcoming a new month and new collection of sales data? Until then, we wanted to ensure you had a chance to catch of glimpse of California’s latest real estate sales and price infographic.
A summary of our state’s latest stats is below, from August 2022. You can expect the September data to merge in mid-October. Note that days on market (19) and months of supply (2.9) is still very, very low and nowhere indicative of a balanced market. Note that statewide on average home prices are ‘inching up’ while sales price-to-list ratio is 98.4%, meaning how many homeowners are receiving the asking price on their home.
As you can see, the market is changing but real estate is not experiencing a 'doomsday recession phenomenon' as much of the media makes it seem. A return to market normalcy and something reminiscent of balance is long overdue; we believe that every market presents opportunities for some buyers and sellers based on your current situation and future goals.
This fall, please take the changes in stride and enjoy the ride… this is a beautiful time of year and we hope you make the most of it!
Bobbi Decker
DRE#00607999
Broker Associate, Bobbi Decker & Associates
650.346.5352 cell
650.577.3127 efax
www.bobbidecker.com
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