California August 2018 sales

The California housing market is shifting with sales down and price growth decelerating on a year over year basis.  On a month to month basis prices have slightly decreased for a second consecutive month.  Buyers are hesitant to enter the market as many believe the market may have peaked.

The Southern California region sales declined the most among all regions, with a drop of 7.9 percent from last year, as median process increased on a year-over-year basis (for the month of August) for all counties.  With the school districts starting earlier in the year in many Southern California areas that is certainly a factor in the sales volume slow-down.

 

John Paul Ledesma, GRI | Broker Associate | HomeSmart Evergreen Realty| DRE 01810644 | 949-616-2988

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Posted by John Paul Ledesma, GRI | DRE 01810644 | HomeSmart Evergreen Realty

 

 

 

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