Sales Fall in California Real Estate Market

The California market slowed this week but was still better than normal as sales fell to 24,531 homes sold over the last 30 days. Prices are falling in California, and this period the median price of all sales fell from $507,750 to $507,000. Despite the slip in sales, a relatively low three months of inventory indicates that California is a seller's market.

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Demographic facts about California:

  • The median age of all homes is 36.
  • This area usually gets 6.4 inches of snow each year. (U.S. average: 25)
  • The rating in which jobs are expected to grow is 69. (Scale: 1 = Worst, 100 = Best)
  • The average school expenditure per student is $5,267. ($5,691 = national average)

Data reported through 10/12/2016

Comments:

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