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October California Home Sales

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by Calculated Risk on 11/16/2021 02:04:00 PM

Today, in the Real Estate Newsletter: October California Home Sales

Excerpt:

Sales Down 10.4% YoY. Active Listings down 18.3%

California is a key market, and sometimes we see trends in California early. Unfortunately the C.A.R. doesn’t release monthly sales or inventory numbers. Not Seasonally Adjusted (NSA).

“October’s sales pace dipped 0.9 percent on a monthly basis from 438,190 in September and was down 10.4 percent from a year ago, when 484,510 homes were sold on an annualized basis.”

“California’s Unsold Inventory Index (UII) dipped on a month-to-month basis for the first time in four months, as active listings fell 18.3 percent from last year.”

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