2. Existing Home Sales
% change+14.6% YTY
California housing market: sales up, price set
new record, supply lowest in years
page
02
Price
$706,900
+14.5% Y2Y
Unsold
Inventory Index
2.1 months
-34.4% Y2Y
Median Days
on Market
13 days
-43.5% Y2Y
Sales Price to
List Price Ratio
100.0%
+1.3% Y2Y
August 2020
CALIFORNIA ASSOCIATION OF REALTORS®
-6.8% YTD
465,400
3. Existing Home Sales
% change
+5.5% YTY
August 2020 Southern California Housing Snapshot
page
3
Unsold
Inventory Index
2.2 months
Median Days
on Market
13 days
Sales Price to
List Price Ratio
100.0%
CALIFORNIA ASSOCIATION OF REALTORS®
-8.8% YTD
Existing Home Price
% change
$640,000
+12.9% YTY
4. Existing Home Sales
% change
+15.4% YTY
August 2020 Central Coast Housing Snapshot
page
4
Unsold
Inventory Index
2.6 months
Median Days
on Market
17 days
Sales Price to
List Price Ratio
98.9%
CALIFORNIA ASSOCIATION OF REALTORS®
-7.0% YTD
Existing Home Price
% change
$812,500
+16.4% YTY
5. Existing Home Sales
% change
+0.5% YTY
August 2020 Central Valley Housing Snapshot
page
5
Unsold
Inventory Index
1.9 months
Median Days
on Market
9 days
Sales Price to
List Price Ratio
100.0%
CALIFORNIA ASSOCIATION OF REALTORS®
-7.8% YTD
Existing Home Price
% change
$385,000
+12.2% YTY
6. Existing Home Sales
% change
+10.8% YTY
August 2020 Bay Area Housing Snapshot
page
6
Unsold
Inventory Index
1.9 months
Median Days
on Market
15 days
Sales Price to
List Price Ratio
100.7%
CALIFORNIA ASSOCIATION OF REALTORS®
-12.3% YTD
Existing Home Price
% change
$1,068,000
+18.7% YTY
7. Existing Home Sales
% change
+8.6% YTY
August 2020 Far North Housing Snapshot
page
7
Unsold
Inventory Index
2.7 months
Median Days
on Market
38 days
Sales Price to
List Price Ratio
98.4%
CALIFORNIA ASSOCIATION OF REALTORS®
-9.5% YTD
Existing Home Price
% change
$325,000
+8.3% YTY
9. Sales gained momentum and grew to a level not seen
in over 10 years.
page
9
California, August 2020 Sales: 465,400 Units, -6.8% YTD, +14.6% YTY, +6.3% MTM
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
Jan-05
Sep-05
May-06
Jan-07
Sep-07
May-08
Jan-09
Sep-09
May-10
Jan-11
Sep-11
May-12
Jan-13
Sep-13
May-14
Jan-15
Sep-15
May-16
Jan-17
Sep-17
May-18
Jan-19
Sep-19
May-20
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
10. California home sales continued improving and grew
by double digits on a year-over-year basis
page
10
14.6%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20
Year-over-Year % Chg 6 per. Mov. Avg. (Year-over-Year % Chg)
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
11. Bay Area sales dipped slightly but remain above
last year’s level
page
11
10.8%
-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
Jan-10
May-10
Sep-10
Jan-11
May-11
Sep-11
Jan-12
May-12
Sep-12
Jan-13
May-13
Sep-13
Jan-14
May-14
Sep-14
Jan-15
May-15
Sep-15
Jan-16
May-16
Sep-16
Jan-17
May-17
Sep-17
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
May-20
YoY%chg.
Bay Area 6 per. Mov. Avg. (Bay Area)
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
12. So. California sales continue growing
page
12
5.5%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
Jan-10
May-10
Sep-10
Jan-11
May-11
Sep-11
Jan-12
May-12
Sep-12
Jan-13
May-13
Sep-13
Jan-14
May-14
Sep-14
Jan-15
May-15
Sep-15
Jan-16
May-16
Sep-16
Jan-17
May-17
Sep-17
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
May-20
So CA 6 per. Mov. Avg. (So CA)
YoY%chg.
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
13. Central Valley sales moderate
page
13
0.5%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
Jan-10
May-10
Sep-10
Jan-11
May-11
Sep-11
Jan-12
May-12
Sep-12
Jan-13
May-13
Sep-13
Jan-14
May-14
Sep-14
Jan-15
May-15
Sep-15
Jan-16
May-16
Sep-16
Jan-17
May-17
Sep-17
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
May-20
Central Valley 6 per. Mov. Avg. (Central Valley)
YoY%chg.
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
14. Sales up big from $500k and up.
page
14
August 2020
(YTY% Chg.)
-26.0%
-4.8% -1.8%
8.7%
22.8%
40.9%
71.3%
-40%
-20%
0%
20%
40%
60%
80% 38%
40%
22%
46%
38%
16%
$0 - $499k
$500 - $999k
$1M+
Share by Price Segment
2020
2019
SERIES: Sales of Existing Detached Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
15. Sales rebounded but the growth was particularly
strong in the high-end market
page
15
-60%
-40%
-20%
0%
20%
40%
60%
80%
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
YTY%Chg.inSales
$0 - $299k $300 - $399k $400 - $499k $500 - $749k
$750 - $999k $1,000 - $1,999k $2,000k+
SERIES: Percent Change in Sales
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
17. CALIFORNIA ASSOCIATION OF REALTORS®
Sales by Region
page
17
0.5%
10.8%
5.5%
15.4%
8.6%
33.3%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
August 2020 Home Sales Growth
by Region
Central
Valley
21%
S.F. Bay
Area
19%
Southern
California
46%
Central
Coast
4%
Far North
3%
Other
Counties
7%
August 2020
Home Sales by Region
18. Pending sales slowed from July and dipped
for the first time in 4 months
page
18
-1.1%
-40%
-20%
0%
20%
40%
60%
80%
MTM%Chg.inPendingSales
SERIES: Percent Change in Pending Sales
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
19. Pending sales had the biggest
year-over-year increase since April 2012
page
19
28.5%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
Jan-17
Mar-17
May-17
Jul-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Jul-18
Sep-18
Nov-18
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
YTY%Chg.inPendingSales
SERIES: Percent Change in Pending Sales
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
20. Pending sales in the top end continue to
outpace more affordable markets
page
20
20.7%
88.5%
99.3%
-100%
-50%
0%
50%
100%
150%
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
YTY%Chg.inPendingSales
$0 - $999k $1M - $2.99M $3M+
SERIES: Percent Change in Pending Sales
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
21. Is it a good time to buy or sell?
46%
54%
58%
Sep-18
Nov-18
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
22%
33%34%
Sep-18
Nov-18
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Do you think it’s a good time to sell a
home in California?
Do you think it’s a good time to buy a
home in California?
page
21
SERIES: Google Consumer Poll
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
23. California median price reached an all-time high
page
23
California, August 2020: $706,900, +6.1% MTM, +14.5% YTY
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
Jan-05
Sep-05
May-06
Jan-07
Sep-07
May-08
Jan-09
Sep-09
May-10
Jan-11
Sep-11
May-12
Jan-13
Sep-13
May-14
Jan-15
Sep-15
May-16
Jan-17
Sep-17
May-18
Jan-19
Sep-19
May-20
SERIES: Median Price of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
24. Condo/Townhome median price passed the half-
million mark for the first time ever
page
24
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Jan-05
Aug-05
Mar-06
Oct-06
May-07
Dec-07
Jul-08
Feb-09
Sep-09
Apr-10
Nov-10
Jun-11
Jan-12
Aug-12
Mar-13
Oct-13
May-14
Dec-14
Jul-15
Feb-16
Sep-16
Apr-17
Nov-17
Jun-18
Jan-19
Aug-19
Mar-20
MedianPrice
SERIES: Median Price of Existing Condos/Townhomes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
California, August 2019: $468,000, August 2020: $506,000
25. Median price growth ticked-up solidly for all
residential property types
page
25
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50% Jan-05
Sep-05
May-06
Jan-07
Sep-07
May-08
Jan-09
Sep-09
May-10
Jan-11
Sep-11
May-12
Jan-13
Sep-13
May-14
Jan-15
Sep-15
May-16
Jan-17
Sep-17
May-18
Jan-19
Sep-19
May-20
YTY%Chg.inPrice
Condo Single-Family Homes
SERIES: Median Price of Existing Condo/Townhomes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
26. Price/Square foot highest since late 2007
page
26
August 2020: $315, +3.6% MTM, +9.8% YTY
$0
$50
$100
$150
$200
$250
$300
$350
$400
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
Jul-18
Jan-19
Jul-19
Jan-20
Jul-20
PRICEPERSQ.FT.
SERIES: Median Price Per Square Feet of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
27. Price/Square foot: the gap between condo/townhomes
and single-family homes continues to narrow
page
27
$315
$420
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
Jul-18
Jan-19
Jul-19
Jan-20
Jul-20
PRICEPERSQ.FT.
Diff. in Price/Sq. Ft. SFH Condo/Townhome
SERIES: Median Price Per Square Feet of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
28. Sales price-to-list price ratio ticked up
page
28
August 2020: 100.0%, +0.0% MTM, 1.3% YTY
90%
92%
94%
96%
98%
100%
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
Jul-18
Jan-19
Jul-19
Jan-20
Jul-20
Sales-to-ListPriceRatio
SERIES: Sales to List Ratio of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
29. List price popped but due primarily to more listings in
high-priced market
page
29
-20%
-10%
0%
10%
20%
30%
40%
50% Jan-12
May-12
Sep-12
Jan-13
May-13
Sep-13
Jan-14
May-14
Sep-14
Jan-15
May-15
Sep-15
Jan-16
May-16
Sep-16
Jan-17
May-17
Sep-17
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
May-20
YTY%Chg.inPrice
Listing Price Sales Price
SERIES: Sales to List Ratio of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
30. Price growth up by double digits in all percentiles;
strongest gain in the top end
page
30
SERIES: Median Price of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
13.7% 14.3% 15.1%
18.6%
26.6% 27.5%
25.0%
28.2%
34.4%
0%
5%
10%
15%
20%
25%
30%
35%
40%
0-20 20-40 40-60 60-80 80-100 80-85 86-90 91-95 96-100
Percentile
Year-over-Year Price Growth
31. Price growth continues uptrend in all percentiles;
strongest gain in the top end
page
31
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
YTY%Chg.inPrice
0-20 20-40 40-60 60-80 80-100
SERIES: Percent Change in Price
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
33. Mortgage payment yearly % change grew for first time
since February of 2019.
page
33
14.5%
5.3%
-15%
-10%
-5%
0%
5%
10%
15%
20%
Jan-16
Jun-16
Nov-16
Apr-17
Sep-17
Feb-18
Jul-18
Dec-18
May-19
Oct-19
Mar-20
Aug-20
YTY%Chg.
California Median Price vs. Mortgage
Payment
Price Growth Mortgage Pmt Growth
3.62%
2.94%
0%
1%
2%
3%
4%
5%
6%
Jan-15
May-15
Sep-15
Jan-16
May-16
Sep-16
Jan-17
May-17
Sep-17
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
May-20
30 Yr. FRM
SERIES: Price Growth vs. Mortgage Payment Growth
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
34. Mortgage payment grew above last year’s level
page
34
14.5%
5.3%
-15%
-10%
-5%
0%
5%
10%
15%
20%
Jan-16
Mar-16
May-16
Jul-16
Sep-16
Nov-16
Jan-17
Mar-17
May-17
Jul-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Jul-18
Sep-18
Nov-18
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
YTY%Chg.
California Median Price vs. Mortgage Payment
Price Growth Mortgage Pmt Growth
SERIES: Price Growth vs. Mortgage Payment Growth
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
35. Monthly mortgage: slightly more expensive
page
35
SERIES: Monthly mortgage payment
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
Region August 2020 August 2019 % CHG
CA SFH $2,370
$2,250
5.3%
CA Condo/Townhomes $1,690 $1,710 -1.2%
Los Angeles Metropolitan Area $2,060 $1,990 3.5%
Central Coast $2,720 $2,550 6.7%
Central Valley $1,290 $1,250 3.2%
Far North $1,090 $1,090 0.0%
Inland Empire $1,460 $1,390 5.0%
S.F. Bay Area $3,570 $3,280 8.8%
Southern California $2,140 $2,070 3.4%
36. Change in mortgage payment by county
page
36
SERIES: Change in mortgage payment
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
August 2020: chg. in mortgage payment (yty%)
29.7%
5.3%
-14.2%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
38. Inventory down as sales improved and fewer new
listings being added
page
38
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
Jan-05
Sep-05
May-06
Jan-07
Sep-07
May-08
Jan-09
Sep-09
May-10
Jan-11
Sep-11
May-12
Jan-13
Sep-13
May-14
Jan-15
Sep-15
May-16
Jan-17
Sep-17
May-18
Jan-19
Sep-19
May-20
MonthsofSupply
SERIES: Unsold Inventory Index of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
Aug 2019: 3.2 Months; Aug 2020: 2.1 Months
39. Unsold Inventory remained low in all Regions
page
39
2.2
1.9
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
Jul-18
Jan-19
Jul-19
Jan-20
Jul-20
MonthsofSupply
Bay Area So CA Central Valley
SERIES: Unsold Inventory Index of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
40. CALIFORNIA ASSOCIATION OF REALTORS®
Active listings tightened up further in August
page
40
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
California Active Listings by Month
2018 2019 2020
41. Active listings plunged as pent up demand
remained robust
page
41
-50.3%-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
Jan-15
Mar-15
May-15
Jul-15
Sep-15
Nov-15
Jan-16
Mar-16
May-16
Jul-16
Sep-16
Nov-16
Jan-17
Mar-17
May-17
Jul-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Jul-18
Sep-18
Nov-18
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Year-over-Year % Chg
SERIES: Active Listing of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
42. Housing supply tightened up in all regions
page
42
7,720
27,577
10,211
2,845 2,406
4,853
13,118
4,792
1,482 1,298
0
5,000
10,000
15,000
20,000
25,000
30,000
San Francisco
Bay Area
Southern
California
Central Valley Central Coast Far North
ActiveListings
Aug-19 Aug-20
SERIES: Active Listings of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
43. Supply continued to drop as sales improved
page
43
10.8%
5.5%
0.5%
15.4%
8.6%
-37.1%
-52.4% -53.1%
-47.9% -46.1%
-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
San Francisco
Bay Area
Southern
California
Central Valley Central Coast Far North
Year-to-Year%Chg
Sales Active Listings
August 2020
SERIES: Sales and Listings of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
44. Active listings dropped in all price segments
page
44
-57.5%
-33.1%
-17.2%
-70%
-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
YTY%Chg.inActiveListings
$0 - $999k $1M - $2.99M $3M+
SERIES: Percent Change in Active Listings
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
46. Time on market down to less than two weeks
page
46
0
10
20
30
40
50
60
70
80
Jan-05
Sep-05
May-06
Jan-07
Sep-07
May-08
Jan-09
Sep-09
May-10
Jan-11
Sep-11
May-12
Jan-13
Sep-13
May-14
Jan-15
Sep-15
May-16
Jan-17
Sep-17
May-18
Jan-19
Sep-19
May-20
DaysonMarket
SERIES: Median Time of Market of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
California, August 2019: 23.0 Days; August 2020: 13.0 Days
47. Median time on market down at all percentiles
page
47
SERIES: Median Time on Market of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
21 20
22 22
25 24
22
25
31
22
12
10
12
14
18
15 15
17
30
13
0
10
20
30
40
0-20 20-40 40-60 60-80 80-100 80-85 86-90 91-95 96-100 Total
DaysonMarket
Percentile
Median Time on Market
Aug-19 Aug-20
48. Sales-to-list price ratio softer at top-end of the market
page
48
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
97.4%
100.0%
96.0%
96.5%
97.0%
97.5%
98.0%
98.5%
99.0%
99.5%
100.0%
100.5%
0-20 20-40 40-60 60-80 80-100 80-85 86-90 91-95 96-100 Total
California Sales-to-List Price Ratio by Quintile
Aug-19 Aug-20
SERIES: Sales to List Ratio of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
49. Median sales vs. list price growth $1M+ properties
page
49
-10%
-5%
0%
5%
10%
15%
20%
Jan-09
Jun-09
Nov-09
Apr-10
Sep-10
Feb-11
Jul-11
Dec-11
May-12
Oct-12
Mar-13
Aug-13
Jan-14
Jun-14
Nov-14
Apr-15
Sep-15
Feb-16
Jul-16
Dec-16
May-17
Oct-17
Mar-18
Aug-18
Jan-19
Jun-19
Nov-19
YTY%Chg.inPrice
California Median Sales vs. List Price Growth
Listing Price Sales Price
SERIES: Sales to List Ratio of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
50. Reduced-Price Listings
page
50
Share of Listings with a Reduced Price: 27.4%; Median Reduction Amount: -4.4%
-10%
-9%
-8%
-7%
-6%
-5%
-4%
-3%
-2%
-1%
0%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
1/1/2010
6/1/2010
11/1/2010
4/1/2011
9/1/2011
2/1/2012
7/1/2012
12/1/2012
5/1/2013
10/1/2013
3/1/2014
8/1/2014
1/1/2015
6/1/2015
11/1/2015
4/1/2016
9/1/2016
2/1/2017
7/1/2017
12/1/2017
5/1/2018
10/1/2018
3/1/2019
8/1/2019
1/1/2020
6/1/2020
Share Reduced Median Reduction
SERIES: Listing Price of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
51. Growth in Reduced-Price Listings
page
51
Growth in Share of Listings with a Reduced Price: -13.6%
Growth in Median Reduction Amount: 0.1%
-0.40%
-0.30%
-0.20%
-0.10%
0.00%
0.10%
0.20%
0.30%
0.40%
-15%
-10%
-5%
0%
5%
10%
1/1/2015
4/1/2015
7/1/2015
10/1/2015
1/1/2016
4/1/2016
7/1/2016
10/1/2016
1/1/2017
4/1/2017
7/1/2017
10/1/2017
1/1/2018
4/1/2018
7/1/2018
10/1/2018
1/1/2019
4/1/2019
7/1/2019
10/1/2019
1/1/2020
4/1/2020
7/1/2020
Share Reduced Median Reduction
SERIES: Listing Price of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®