C.A.R.’s monthly Market Snapshot offers REALTORS® information about the current market and provides consumer-friendly charts and graphs. Market Snapshot is formatted as a PDF, which members can customize with their photo, contact information, and other useful information.
Note: Market Snapshot must be edited using Adobe Acrobat Professional to ensure updates, such as contact information, are saved. Using Adobe Reader will not save any changes made to the document. Market Snapshot can be found on car.org at http://www.car.org/marketdata/marketsnapshot/.
This month’s Market Snapshot, “Price in California Up for 2 Months in a Row,” features:
- Prices beginning to turn heads: The statewide median price was at $308,050 in April, up almost 5 percent over last April. It was the first time the median price was above the $300,000 mark in nearly a year and a half.
- California’s housing market faces tight inventory conditions: Unsold inventory is used to measure approximately how many months it will take to deplete the supply of homes on the market at the current sales pace. Currently, California’s housing market is running at 4.2 months of supply, as compared to the long-run average inventory level of about 7 months.