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California median home price breaks $800k in April

California median home price breaks $800k in April
tahoedailytribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tahoedailytribune.com Daily Mail and Mail on Sunday newspapers.

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California median home price breaks $800,000 in April with home sales remaining robust as spring home-buying season kicks off, C.A.R. reports

Heated market conditions and a shortage of homes for sale continued to put upward pressure on California home prices, driving the state’s median price above the $800,000 benchmark for the first time ever in April, as home sales soared from last year’s pandemic-level lows.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 458,170 in April, according to information collected by C.A.R. from more than 90 local REALTOR
® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2021 if sales maintained the April pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales. ....

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Regional Spotlight: Robust Spring Home-Buying Season in California — RISMedia

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Calculated Risk: California April Housing: Sales up 65% YoY, Active Listings down 50% YoY

5/17/2021 12:04:00 PM
Note: Remember sales were weak in April 2020 due to the pandemic, so the YoY comparison is easy.
Heated market conditions and a shortage of homes for sale continued to put upward pressure on home prices in California, driving the state’s median price above the $800,000 benchmark for the first time ever in April, as home sales soared from last year’s pandemic-level lows, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 458,170 in April, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2021 if sales maintained the April pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales. ....

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California median home price breaks $800,000 in April with home sales remaining robust as spring home-buying season kicks off, C.A.R. reports

California median home price breaks $800,000 in April with home sales remaining robust as spring home-buying season kicks off, C.A.R. reports
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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