SoCal Home Price Slides In August Numbers
There also were 541 fewer homes sold last month compared to July 2021
There also were 541 fewer homes sold last month compared to July 2021
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The 6 percent drop marks a first since the pandemic market boom began, though prices remain high
California Listings Montecito expert Randy Solokian provides an update on sales and inventory as of Aug. 31
Western markets are projected to carry the largest increases through the reminder of 2021 into next year
The share of sellers dropping their price rose to 5.1 percent, but pending sales are still 10 percent
The inventory of unsold homes in the U.S. increased 7.3 percent from June to July
The median price of homes sold in July was up nearly 20 percent from a year earlier
The median sales price of single-family existing homes rose in 99 percent of measured metro areas
Asking prices on new listings and sending home sales were also down slightly
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