Unveil the secrets of the Southern California housing market with our exclusive insider insights! Learn all about the significant increase in home sales and the soaring median price of $825,000. Find out why the current market favors sellers and get ready for a wild ride this spring selling season. Subscribe now for more expert analysis and tips!
A pretty significant 7% increase in home sales over this time last year. The median price of a home in southern California is continuing to creep up, currently $825,000.00…and that’s an increase of almost 11% over last year. Current housing inventory stands at 3.0 months, and just a reminder, anything below six month’s inventory is a seller’s market. Market time is down to 23 days, and sales to list price ratio stands at 100%.
Things are heating up and looking better for sellers as we move into the spring selling season. For you home buyers out there, think about purchasing a home sooner rather than later, if possible, to avoid increasing prices, interest rates and competition.
No comments:
Post a Comment