First Quarter Brings Double-Digit Price Appreciation For Majority Of Metro Areas
70 percent of 185 metros tracked by NAR recorded a double-digit price gains
70 percent of 185 metros tracked by NAR recorded a double-digit price gains
Existing home sales totaled 426,970 last month, up 0.5 percent from February and down 4.4 percent from March 2021
The portion of wages required for homeownership grew at fastest pace in more than 15 years
All other SoCal counties saw prices increase or remain flat in new CAR numbers
Last month’s statewide median home price was $771,270, up 0.7 percent from January and up 10.3 percent from February 2021
Rising mortgage rates may been slowing the push for second homes, but demand still remains 35 percent above pre-pandemic levels
Existing, single-family home sales were up 3.4 percent across the state
Existing-home sales totaled 6.12 million in 2021–an increase of 8.5 percent from the prior year
The average home price reached $826,500 last month—a 16.7 percent annual increase
The median existing home sales price rose 13.9 percent year-over-year to $353,900 in November
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