California Real Estate Market Continues Downward Trend in New Listings

With an identifiable downward trend of new sellers listing homes, including 18 over the last 30 days, and sales that fell to 16 in that same time frame, the California market will be slowing down. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. A months of inventory number of six reported this week continued a four-week downward trend, likely due to the weak number of new listings in the area.

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Demographic facts about California:

  • There are 928.1 people per square mile in this area.
  • The cost of living index score in this area is 119.3. (100 = national average)
  • The average work commute is 24 minutes.

Data reported through 1/12/2017

Comments:

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