This dashboard is meant to provide you with the current year-to-date (YTD) statistics that can be used to compare the housing market in each of California’s regions, counties, and cities. Select the geographic level you’d like to analyze and easily drill down to various segments and geographies by clicking on them in the charts below. Everything talks to each other and we handle all the math behind the scenes, so you can just point and click! This report is updated with last month’s data by the third week of the current month.
Glossary of terms
Sales Growth YTD: The percent change of real estate market sales of the current year compared to the same time period of last year. A negative % change from last year means that there has been fewer sales, or in other words the geographic area is behind last year’s level. A positive % change from last year means that there has been more sales, or in other words the geographic area is ahead of last year’s level.
Sales Over List: Percent of sales that sold above listing/asking price so far in the current year. This is a good indicator of market competition and price stickiness. The higher the share of sales above listing/asking price, the more competitive a given market has been throughout the year.
Median Price: The median price of homes sold during the most recent month. The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold. The change in median prices should not be construed as actual price changes in specific homes.
Median Days on Market: The median number of days properties were on the market before going Pending during the most recent month.
This is a good indicator of buyer demand in a given market. Homes taking longer to sell indicates slower demand from buyers while homes selling more quickly indicates an increase in buyer demand.
Feel free to email me your questions, feedback or other comments to cat.josefosky@cbrealty.com
Note: The median price and sales data depicted in the graphics are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes only. Sales data are not adjusted to account for seasonal factors that can influence home sales. Movements in sales prices should not be interpreted as changes in the cost of a standard home. The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold. The change in median prices should not be construed as actual price changes in specific homes.
