According to C.A.R.'s November report, California's housing market continues to be supported by record low interest rates and limited supply, resulting in better-than-expected year-end performance. Contact us for more knowledge and strategies.
November home sales and price report
"California home sales and prices ease back in November, but low rates and tight supply continue to provide support to the market, C.A.R. reports
- Existing, single-family home sales totaled 402,880 in November on a seasonally adjusted annualized rate, down 0.3 percent from October and up 5.6 percent from November 2018.
- November’s statewide median home price was $589,770, down 2.6 percent from October and up 6.4 percent from November 2018.
- Year-to-date statewide home sales were down 1.9 percent in November."
