• Existing, single-family home sales totaled 421,460 in July on a seasonally adjusted annualized rate, up 0.9 percent from July 2016 but down 4.9 percent from June.
• July’s statewide median home price was $549,460, up 7.4 percent from July 2016 but down 1.1 percent from June.
• The median number of days on the market decrease from a year ago when the median time on market to 22.8 days. Read more
• The Pending Home Sales Index (PHSI)* declined 2.6 percent from 122.5 in July 2016 to 119.4 in July 2017.
• The Southern California Region was the only major region to record an increase in pending sales from the previous year at 1.4 percent. Both Central Valley and the San Francisco Bay Area dipped, falling 11.0 percent and 21.4 percent, respectively.
• The Market Velocity Index fell from 42 to 37, this still implies that there were 37 percent more homes sold than there were new listings. Read more
• July’s statewide median home price was $549,460, up 7.4 percent from July 2016 but down 1.1 percent from June.
• The median number of days on the market decrease from a year ago when the median time on market to 22.8 days. Read more
• The Pending Home Sales Index (PHSI)* declined 2.6 percent from 122.5 in July 2016 to 119.4 in July 2017.
• The Southern California Region was the only major region to record an increase in pending sales from the previous year at 1.4 percent. Both Central Valley and the San Francisco Bay Area dipped, falling 11.0 percent and 21.4 percent, respectively.
• The Market Velocity Index fell from 42 to 37, this still implies that there were 37 percent more homes sold than there were new listings. Read more