C.A.R. released it’s Citrus Valley region market snapshot on Friday. Here are some key highlights:
Sales eased a little further in March from the past couple months but remained solid, relatively speaking
CA median price set another new high
Two-thirds of sales were sold above the asking price, highest level in at least the past 13 years
Homes stayed on the market for a record low number of days
Active listings dropped more than 50% again for the 3rd month in a row
“A few records [were] set this past month and we haven’t even gotten to the spring home buying season yet,” said Guillermo Flores, research analyst for C.A.R. “Pending sales suggest we will sharp increase from last year in April.
“From our weekly survey, REALTORS® seem quite optimistic about the upcoming weeks. Let’s hope that’s the reality.”
As always, Guillermo shared the local AOR report for Citrus Valley (see image).
“I encourage you to read what our 2021 C.A.R President, Dave Walsh, and our VP & Chief Economist, Jordan Levine, had to say about the market in our March Sales & Price press release,” he said.
“Also, don’t forget to check our [C.A.R.] Coronavirus website for the latest industry related updates during this pandemic.
“Lastly, if you’re interested in our weekly REALTOR® survey results, please visit our [C.A.R.] website for the latest results. Feel free to access this page to obtain the results of the survey as well as participate in it weekly. Your input is super valuable and make these reports possible.”