California is currently a Buyer's Market. Homes are retaining 97% of their value (Sale Price to List Price Ratio). With 92450 active listings and 15126 closed sales this month, inventory remains at 7.5 months of supply. Trends over the last half-year show median values moving up by 4%, while Average Days on Market has increased by 19%.
| Property Type | Entry Level | High-End | Mid-Market | Ultra-Luxury | Total |
|---|---|---|---|---|---|
| Condo/Co-op | 10.1K | 566 | 5.1K | 282 | 16.1K |
| Detached Home | 4.7K | 13.7K | 34.4K | 6.6K | 59.4K |
| Mobile/Manufactured Home | 5.4K | 161 | 804 | 110 | 6.5K |
| Multi-Family (2-4 Unit) | 333 | 1.9K | 2.3K | 1.8K | 6.3K |
| Townhome | 1.6K | 170 | 2.5K | 29 | 4.3K |
The data indicates a stable environment in California. Inventory is at 7.5 months, meaning a balanced environment with steady turnover. Inventory levels provide a healthy range of options for prospective buyers.
Currently, $734,000 represents the median entry point for California. Over the past half-year, values have moved upward by approximately 4% based on regional transaction data.
Buyers have room for negotiation in California, with a Sale Price to List Price Ratio of 97%. On average, properties are transitioning from active to sold status in 71 days.