We've had it so good for so long, we're bound to have some bouncing around. Our cheerleaders want to make it black and white = sales down, prices up: California pending home sales stumble for fifth straight month in May LOS ANGELES (June 28) – Even with a strong...
NSDCC stats at bottom. LINK The median price of houses and condominiums that changed hands in May in the county zoomed into record territory, with the price of a single-family home crossing the $600,000 mark for the first time, the San Diego Association of Realtors...
The Pending Home-Sales Index dipped 3.3% last week, which helped to fuel more doomer talk (examples here and here). People assume that if the stats don't rise every year, then we have a problem. But doesn't the number of homes for sale affect the outcome? ...
N.A.R. home-sales forecasts are a moving target. In October they guessed 6 million sales for 2017, and in December they said 5.5 million: LINK Single-family existing home sales are set to see their best year since 2006, driven by robust job gains and improving...
http://www.realtor.com/news/real-estate-news/home-prices-rising/ An excerpt: "Prices are increasing faster than we expected them to because of the continual shortage of new homes coming onto the market," says Senior Economist Joseph Kirchner of realtor.com. "People...
An update on last month's sales and pricing: April Number of Sales Avg $$/SF Median SP Avg DOM Median DOM 2013 303 $420/sf $955,000 42 16 2014 258 $456/sf $1,052,500 50 26 2015 278 $473/sf $1,090,000 47 20 2016 299 $521/sf $1,129,197 40 19 2017 265 $541/sf $1,335,035...
Something price could fix..... California pending home sales downshift for third straight month in March LOS ANGELES – Even with a strong performance in March closed escrow sales, a shortage of available homes and robust price growth that’s eating away at...
Today is the last business day of April - how are sales shaping up? April Number of Sales Avg $$/SF Median SP Avg DOM Median DOM 2013 303 $420/sf $955,000 42 16 2014 258 $456/sf $1,052,500 50 26 2015 278 $473/sf $1,090,000 47 20 2016 299 $521/sf $1,129,197 40 19 2017...
Markets throughout Southern California are cooking, and we're leading the way! The Unsold Inventory Index represents the number of months it would take to sell the remaining inventory. See stats for the whole state here:...
The overall environment can be sized up by comparing how many houses have sold, compared to the number of new listings hitting the market. A surge of new listings can set buyers back on their heels. We could make that case about what happened last spring, when we had...
