• 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.
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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