• The open house traffic index saw year over year growth for the fourth straight month. The index was 63 in June, up from last year’s index at 53.
• REALTOR optimism about market conditions continued and remained above fifty. The index, however, declined for the fourth straight month registering a 52 in June.
• REALTORS® are cautious due to the growing inventory and affordability problem causing their expectations over the next year continue to decline.
The Housing Matters Podcast is your housing hub for market analysis, economic trends, and housing news from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and its institute the Center for California Real Estate (CCRE). Listen now
C.A.R.’s Annual Historical Data Summary Report tracks trends in California’s housing market from 1968 to present. REALTORS® can use this data to gauge how current market conditions compare to prior years and help their clients make more informed decisions. To download