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In the News: California Real Estate Market Trends

Headline #1: California’s Median Home Price Hits 2011 High

The Data: Prices leveled off in early 2011 after dropping from their 2010 peaks.

State of California and Los Angeles, San Francisco MSA & Riverside Metros: Year-over-Year Home Prices since August 2010

Headline #2: Existing-Home Sales Jump Nearly 19% From Last Year

The Data: Using “Listings Absorbed” as a proxy for transaction counts (measured as homes that exiting the market for any reason)

California Year-over-Year Home Prices, 7-day weekly observations

And More Data: Absorptions are up and relistings are down – positive indicators for the California housing market.

California Housing Market: Year-over-Year Listings Absorbed & Percentage of Relisted Properties for sale

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