Our monthly local report from C.A.R. Analyst Guillermo Flores says that the market remained strong in June, with sales recording another 28.3 percent increase from last year.
“In a nutshell, the market remained strong in June,” he said, “and set a new record high in median price for the fourth consecutive month.”
Signs of slowing down, however, began to appear in the latest monthly read:
• Month-to-month sales decline in five of the past six months • Sales level reaching the lowest level in 12 months • Statewide median price plateauing • Pending sales down for the first time since May 2020
“H221 should still be solid though, and California will still enjoy year-over-year growths in both sales and price in 2021 when it’s all set and done.”
Guillermo always reminds our CVAR members to “feel free to visit our websitefor the latest weekly market updates which include member survey results posted every Monday.
“As I’ve said before, REALTOR® members can participate in the survey directly from that page,” adding that your input “is super valuable and make these reports possible.”