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Latest Market @ A Glance
C.A.R. closely monitors and analyzes trends in the residential real estate industry. The table below contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates
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| Market @ A Glance | ||||||
|
California |
Reporting Period |
Current |
Last |
Year |
Change from Last Period |
Change from Year Ago |
|
Existing Home Sales (SAAR) * |
December-11 |
520,940 |
504,420 |
520,330 |
3.3% |
0.1% |
|
Median Home Price * |
December-11 |
$285,920 |
$280,960 |
$304,770 |
1.8% |
-6.2% |
|
Unsold Inventory Index (months) * |
December-11 |
4.2 |
5.0 |
5.0 |
-16.0% |
-16.0% |
|
Median Time on Market (days) * |
December-11 |
58.7 |
56.6 |
58.0 |
3.7% |
1.2% |
|
Traditional Housing Affordability Index (HAI) * |
2011 Q3 |
52% |
51% |
46% |
1.0% |
6.0% |
|
30-year fixed-rate mortgage (FRM) ** |
December-11 |
3.96% |
3.99% |
4.71% |
-0.03% |
-0.75% |
| SOURCES * CALIFORNIA ASSOCIATION OF REALTORS®, ** Federal Home Loan Mortgage Corp. | ||||||
