Reaching Record Lows: California Housing Market

NEW California housing market report! California home sales fell on a month-to-month and a year-over-year basis. Also, the median sold price in CA dipped below $800k for the 3rd month in a row. Pending home sales declined by double digits for the 7th consecutive month. This is according to a California housing market update from the California Association of Realtors (CAR).

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The California Association of Realtors (CAR) released December’s housing market stats. They reported that the median sold price for single family existing homes in California increased to $796,570 in Dec 2021 (a 1.8% increase from Nov 2021). On a year-over-year basis, the median sold price rose by 11.0%.

In the Sacramento real estate market, CAR reported that the median sold price for single family existing homes was $515,000 in December 2021 (same as the previous month) in Sacramento California and increased by 16.4% from one year ago. Home sales in Sacramento CA decreased 1.7% from Nov 2021 and fell 12.3% from one year ago.

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is 3.67% for the current mortgage rates. This is mixed news if you’re a homebuyer right now or if you’re a homeowner looking to refinance.

Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?

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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.

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Видео Reaching Record Lows: California Housing Market канала Jason Walter