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California February 2024 Sales and Price (Infographic)
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California Home Sales Remain Resilient in February Despite Rising Mortgage Interest Rates
- Existing, single-family home sales totaled 290,020 in February on a seasonally adjusted annualized rate, up 12.8 percent from 257,040 in January and up 1.3 percent from 286,290 in February 2023.
- February’s statewide median home price was $806,490, up 2.2 percent from January and up 9.7 percent from $735,300 in February 2023.
- Year-to-date statewide home sales were up 3.4 percent.
Los Angeles, CA – March 19, 2024 (PRNewswire) Despite a recent uptick in mortgage rates, California’s housing market continued to demonstrate resilience in February, reaching sales levels not seen since September 2022, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 290,020 in February, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2024 if sales maintained the February pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
February’s sales pace jumped 12.8 percent higher from the revised 257,040 homes sold in January and rose 1.3 percent from a year ago, when a revised 286,290 homes were sold on an annualized basis. The monthly sales increase was the second straight month of double-digit gains for California. It was also the second consecutive month of year-over-year gains, but the improvement was mild. The sales pace remained below the 300,000 threshold for the 17th consecutive month. While it is likely that sales will stay below this level in the first quarter of 2024, statewide home sales on a year-to-date basis remained positive with an increase of 3.4 percent, suggesting a better spring homebuying season than that experienced last year.
“Housing supply conditions in California continued to improve in February with new active listings rising more than 10 percent for the second straight month,” said C.A.R. President Melanie Barker, a Yosemite REALTOR®. “This is great news for buyers who have been competing for a dearth of homes for sale, and the momentum will hopefully build further as we enter the spring home buying season.”
Infographic: https://www.car.org/Global/Infographics/2024-02-Sales-and-Price
The statewide median price recorded a strong year-over-year gain in February, gaining 9.7 percent from $735,300 in February 2023 to $806,490 in February 2024. California’s median home price was 2.2 percent higher than January’s $789,480. The near-double-digit, year-over-year gain was the eighth straight month of annual price increases for the Golden State. It was the tenth time in the last 11 months that the median price for an existing single-family home was above $800,000. With mortgage rates on the uptick since the start of the year and concerns about rates staying elevated for at least the first half of 2024, the housing market could struggle to build on the momentum exhibited in the first two months of this year. However, tight inventory conditions should keep the market highly competitive and provide support for prices.
Moreover, sales of homes priced at or above $1 million have been holding up better in the last few months than more affordable options. The high-end market segment continued to grow year-over-year in February by double digits, while the more affordable segment declined again modestly. The mix of sales toward higher priced homes continued to provide support to the statewide median price and was partly responsible for the strong surge year-over-year price growth rate in February.
“Consumers have been feeling more positive about buying and selling since the beginning of the year, as increases in sales activity and home prices are reflected in the latest improvement in optimism,” said C.A.R. Senior Vice President and Chief Economist Jordan Levine. “While the recent upward movement in interest rates may result in more moderate sales in March, we expect homebuyers on the sidelines to reenter the market as the economy slows and rates begin to trend down again in the second quarter.”
Other key points from C.A.R.’s February 2024 resale housing report include:
- At the regional level, unadjusted raw sales increased in all major regions in February on a year-over-year basis, with the Central Coast region rising the most from a year ago, jumping 18.7 percent. Sales in the San Francisco Bay Area (14.9 percent), the Far North (12.5 percent) and Southern California (7.0 percent) also showed solid growth from the prior year in February. Sales in Central Valley (0.8 percent) also improved from a year ago, but the sales gain was much more modest compared to other regions.
- Twelve of the 53 counties tracked by C.A.R. recorded a sales decline from a year ago, with two counties dropping more than 10 percent year-over-year and one of those counties falling more than 20 percent from last February. Sutter (-20.5 percent) registered the biggest sales decline, followed by Butte (-12.0 percent) and San Joaquin (-9.4 percent). Forty counties posted an increase in sales from last year with Mono (300.0 percent) gaining the most year-over-year, followed by Plumas (112.5 percent) and Tuolumne (77.4 percent).
- At the regional level, all major regions registered an annual increase in their median price from a year ago. The San Francisco Bay Area experienced the biggest price jump on a year-over-year basis, increasing 22.6 percent, followed by the Central Coast (11.0 percent), and Southern California (10.8 percent). The Central Valley (6.3 percent) and Far North (2.7 percent) also posted median price increases from a year ago, but their growth rates were more moderate compared to other regions.
- Home prices continued to show year-over-year improvement in many counties, with 47 counties across the state registering a median price higher than what was recorded a year ago. Siskiyou (63.5 percent) had the biggest increase in price in February, followed by Mono (36.8 percent) and Lassen (23.8 percent). Five counties had a decline in median price from last year, with San Mateo dropping the most at -7.6 percent, followed by Kings (-3.4 percent) and Amador (-1.8 percent).
- Unsold inventory statewide decreased 6.3 percent on a month-over-month basis and dipped from February 2023 by -3.2 percent. The Unsold Inventory Index (UII), which measures the number of months needed to sell the supply of homes on the market at the current sales rate dipped from 3.2 months in January to 3.0 months in February. The index was 3.1 months in February 2023.
- Active listings at the state level increased on a year-over year basis for the first time in 11 months. February’s increase was the largest in 12 months ― an encouraging sign that housing supply could be heading in the right direction as the market approaches the spring homebuying season. That said, mortgage rates have increased since the start of the year and are expected to remain elevated, which may cause potential sellers to have second thoughts about listing their house for sale.
- Active listings declined from a year-ago in 16 counties in February, with eight of them registering a double-digit decrease. Mono posted the biggest year-over-year drop at -43.5 percent, followed by Merced (-27.0 percent) and Sutter (-24.5 percent). Thirty-four counties recorded a year-over-year gain, with El Dorado jumping the most (56.6 percent) from a year ago, followed by Yolo (51.6 percent) and Solano (37.9 percent). On a month-to-month basis, 15 counties recorded a drop in active listings last month while 36 counties recorded a monthly increase in for-sale properties in February. Marin (57.7 percent) experienced the largest monthly increase of all counties last month and Mono (-18.8 percent) posted the sharpest decline.
- New active listings at the state level increased from a year ago for the second consecutive month by double digits as more sellers listed their homes on the market ahead of the spring home buying season as mortgage rates dipped at the start of the year. The annual listings increase was the largest since May 2022, however, the jump in new housing supply did not result in an improvement in the overall active listings because housing demand also increased, albeit moderately, on a year-over-year basis.
- The median number of days it took to sell a California single-family home was 22 days in February and 35 days in February 2023.
- C.A.R.’s statewide sales-price-to-list-price ratio* was 100.0 percent in February 2023 and 97.7 percent in February 2023.
- The statewide average price per square foot** for an existing single-family home was $407, up from $369 in February a year ago.
- The 30-year, fixed-mortgage interest rate averaged 6.78 percent in February, up from 6.26 percent in February 2023, according to C.A.R.’s calculations based on Freddie Mac’s weekly mortgage survey data.
Note: The County MLS median price and sales data in the tables 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. County sales data is 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.
*Sales-to-list-price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions. The ratio is calculated by dividing the final sales price of a property by its original list price and is expressed as a percentage. A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.
**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property. It is calculated as the sale price of the home divided by the number of finished square feet. C.A.R. currently tracks price-per-square foot statistics for 51 counties.
Leading the way…® in California real estate for more than 118 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 200,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
| February 2023 County Sales and Price Activity (Regional and condo sales data not seasonally adjusted) | |||||||||
| February 2024 | Median Sold Price of Existing Single-Family Homes | Sales | |||||||
| State/Region/County | Feb.2024 | Jan.2024 | Feb.2023 | Price MTM % Chg | Price YTY% Chg | Sales MTM% Chg | Sales YTY% Chg | ||
| Calif. Single-family home | $806,490 | $789,480 | r | $735,300 | r | 2.2 % | 9.7 % | 12.8 % | 1.3 % |
| Calif. Condo/Townhome | $660,000 | $630,000 | $615,000 | 4.8 % | 7.3 % | 24.3 % | 15.0 % | ||
| Los Angeles Metro Area | $790,000 | $750,000 | $710,000 | 5.3 % | 11.3 % | 13.2 % | 6.7 % | ||
| Central Coast | $950,000 | $926,000 | $856,000 | 2.6 % | 11.0 % | 15.6 % | 18.7 % | ||
| Central Valley | $478,200 | $460,000 | $450,000 | r | 4.0 % | 6.3 % | 11.2 % | 0.8 % | |
| Far North | $379,000 | $361,500 | $369,000 | 4.8 % | 2.7 % | 1.4 % | 12.5 % | ||
| Inland Empire | $576,500 | $559,280 | $549,900 | 3.1 % | 4.8 % | 14.8 % | 3.9 % | ||
| San Francisco Bay Area | $1,256,500 | $1,100,000 | $1,025,000 | r | 14.2 % | 22.6 % | 24.8 % | 14.9 % | |
| Southern California | $825,000 | $786,000 | r | $744,400 | r | 5.0 % | 10.8 % | 14.7 % | 7.0 % |
| San Francisco Bay Area | |||||||||
| Alameda | $1,300,000 | $1,103,000 | $1,066,000 | r | 17.9 % | 22.0 % | 40.6 % | 9.8 % | |
| Contra Costa | $850,000 | $770,000 | $750,000 | r | 10.4 % | 13.3 % | 20.0 % | 11.9 % | |
| Marin | $1,610,000 | $1,524,500 | $1,447,500 | 5.6 % | 11.2 % | 19.0 % | -9.2 % | ||
| Napa | $882,500 | $989,500 | $830,000 | -10.8 % | 6.3 % | 52.9 % | 36.8 % | ||
| San Francisco | $1,590,000 | $1,530,000 | $1,465,000 | 3.9 % | 8.5 % | 46.2 % | 41.7 % | ||
| San Mateo | $1,922,500 | $1,975,000 | $2,080,000 | -2.7 % | -7.6 % | 56.7 % | 22.1 % | ||
| Santa Clara | $1,808,890 | $1,710,440 | $1,500,000 | 5.8 % | 20.6 % | 25.9 % | 32.8 % | ||
| Solano | $580,000 | $575,000 | $555,000 | 0.9 % | 4.5 % | -0.5 % | 5.8 % | ||
| Sonoma | $826,500 | $829,900 | $774,500 | -0.4 % | 6.7 % | -2.9 % | -3.4 % | ||
| Southern California | |||||||||
| Imperial | $355,000 | $380,000 | $325,000 | -6.6 % | 9.2 % | 2.9 % | -2.7 % | ||
| Los Angeles | $817,100 | $833,000 | $726,870 | -1.9 % | 12.4 % | 8.4 % | 6.3 % | ||
| Orange | $1,350,000 | $1,320,000 | $1,159,000 | 2.3 % | 16.5 % | 23.6 % | 12.4 % | ||
| Riverside | $636,000 | $610,000 | $595,000 | 4.3 % | 6.9 % | 23.1 % | 7.0 % | ||
| San Bernardino | $477,070 | $477,500 | $466,500 | -0.1 % | 2.3 % | 1.1 % | -1.8 % | ||
| San Diego | $980,000 | $925,000 | $878,000 | r | 5.9 % | 11.6 % | 20.9 % | 8.1 % | |
| Ventura | $890,000 | $870,000 | $805,000 | 2.3 % | 10.6 % | 9.6 % | 14.2 % | ||
| Central Coast | |||||||||
| Monterey | $860,000 | $825,000 | $775,500 | 4.2 % | 10.9 % | 5.4 % | -2.0 % | ||
| San Luis Obispo | $900,000 | $910,000 | $795,000 | -1.1 % | 13.2 % | 24.8 % | 36.0 % | ||
| Santa Barbara | $976,000 | $1,280,000 | $860,000 | -23.8 % | 13.5 % | 13.8 % | 23.4 % | ||
| Santa Cruz | $1,232,500 | $1,190,000 | $1,201,000 | 3.6 % | 2.6 % | 16.4 % | 12.3 % | ||
| Central Valley | |||||||||
| Fresno | $420,000 | $406,000 | $385,000 | 3.4 % | 9.1 % | 7.7 % | -1.3 % | ||
| Glenn | $360,000 | $349,000 | $295,000 | 3.2 % | 22.0 % | 22.2 % | 57.1 % | ||
| Kern | $386,500 | $375,000 | $375,000 | 3.1 % | 3.1 % | 9.5 % | 8.0 % | ||
| Kings | $339,950 | $365,000 | $352,000 | -6.9 % | -3.4 % | 14.3 % | 9.8 % | ||
| Madera | $417,880 | $466,080 | $378,000 | -10.3 % | 10.6 % | 53.5 % | 46.7 % | ||
| Merced | $401,600 | $380,000 | $381,950 | 5.7 % | 5.1 % | 8.2 % | 50.0 % | ||
| Placer | $650,000 | $620,000 | $631,250 | r | 4.8 % | 3.0 % | 19.4 % | -9.0 % | |
| Sacramento | $530,000 | $515,000 | $499,000 | 2.9 % | 6.2 % | 18.0 % | 0.4 % | ||
| San Benito | $795,000 | $760,000 | $730,000 | 4.6 % | 8.9 % | 16.7 % | 25.0 % | ||
| San Joaquin | $529,000 | $530,000 | $513,900 | r | -0.2 % | 2.9 % | -2.0 % | -9.4 % | |
| Stanislaus | $460,000 | $450,000 | $430,000 | r | 2.2 % | 7.0 % | 1.8 % | -4.7 % | |
| Tulare | $359,990 | $349,000 | $340,000 | 3.1 % | 5.9 % | -2.5 % | -5.4 % | ||
| Far North | |||||||||
| Butte | $451,120 | $390,000 | $405,000 | 15.7 % | 11.4 % | 13.8 % | -12.0 % | ||
| Lassen | $263,000 | $229,000 | $212,500 | 14.8 % | 23.8 % | 28.6 % | 50.0 % | ||
| Plumas | $370,000 | $363,620 | $305,000 | 1.8 % | 21.3 % | 0.0 % | 112.5 % | ||
| Shasta | $366,250 | $395,000 | $350,000 | -7.3 % | 4.6 % | -6.5 % | 13.4 % | ||
| Siskiyou | $340,000 | $329,000 | $208,000 | 3.3 % | 63.5 % | 10.5 % | 23.5 % | ||
| Tehama | $349,000 | $340,000 | $332,000 | 2.6 % | 5.1 % | -11.5 % | 4.5 % | ||
| Trinity | $280,000 | $402,500 | NA | -30.4 % | NA | 250.0 % | NA | ||
| Other Calif. Counties | |||||||||
| Amador | $407,500 | $444,500 | $415,000 | r | -8.3 % | -1.8 % | -15.8 % | 3.2 % | |
| Calaveras | $475,000 | $434,500 | $437,500 | 9.3 % | 8.6 % | -29.5 % | 3.3 % | ||
| Del Norte | $295,000 | $295,000 | $300,000 | 0.0 % | -1.7 % | 33.3 % | 50.0 % | ||
| El Dorado | $647,500 | $650,000 | $622,000 | r | -0.4 % | 4.1 % | 34.5 % | 29.0 % | |
| Humboldt | $420,000 | $410,000 | $417,250 | 2.4 % | 0.7 % | 18.5 % | 28.0 % | ||
| Lake | $315,000 | $325,000 | $305,000 | -3.1 % | 3.3 % | -8.9 % | 7.9 % | ||
| Mariposa | $390,000 | $431,500 | $353,000 | -9.6 % | 10.5 % | -33.3 % | 60.0 % | ||
| Mendocino | $499,000 | $494,000 | $495,500 | 1.0 % | 0.7 % | -21.4 % | 22.2 % | ||
| Mono | $1,097,500 | $1,304,500 | $802,500 | -15.9 % | 36.8 % | 300.0 % | 300.0 % | ||
| Nevada | $530,000 | $525,000 | $475,000 | 1.0 % | 11.6 % | -5.3 % | 2.9 % | ||
| Sutter | $415,000 | $435,000 | $412,500 | r | -4.6 % | 0.6 % | -2.8 % | -20.5 % | |
| Tuolumne | $430,000 | $360,750 | $361,000 | 19.2 % | 19.1 % | -8.3 % | 77.4 % | ||
| Yolo | $618,940 | $600,360 | $545,000 | r | 3.1 % | 13.6 % | 9.2 % | 18.6 % | |
| Yuba | $426,500 | $455,000 | $432,760 | r | -6.3 % | -1.4 % | 30.4 % | 22.4 % | |
| r = revised |
| NA = not available |
| February 2023 County Unsold Inventory and Days on Market (Regional and condo sales data not seasonally adjusted) | ||||||||||
| February 2024 | Unsold Inventory Index | Median Time on Market | ||||||||
| State/Region/County | Feb.2024 | Jan.2024 | Feb.2023 | Feb.2024 | Jan.2024 | Feb.2023 | ||||
| Calif. Single-family home | 3.0 | 3.2 | 3.1 | r | 22.0 | 32.0 | 35.0 | r | ||
| Calif. Condo/Townhome | 2.9 | 3.2 | 2.8 | r | 21.0 | 31.0 | 29.0 | r | ||
| Los Angeles Metro Area | 3.2 | 3.4 | 3.4 | 27.0 | 32.0 | 42.0 | r | |||
| Central Coast | 3.4 | 3.6 | 3.5 | 20.0 | 29.0 | 21.0 | r | |||
| Central Valley | 2.9 | 3.1 | 2.7 | r | 21.0 | 30.0 | 35.0 | r | ||
| Far North | 4.4 | 4.6 | 5.0 | 47.0 | 43.0 | 45.0 | ||||
| Inland Empire | 3.6 | 4.0 | 3.7 | 37.0 | 40.0 | 53.0 | r | |||
| San Francisco Bay Area | 2.1 | 2.3 | 2.5 | r | 14.0 | 31.0 | 20.0 | r | ||
| Southern California | 3.0 | 3.2 | 3.2 | 23.0 | 30.0 | 38.0 | r | |||
| San Francisco Bay Area | ||||||||||
| Alameda | 1.5 | 1.9 | 1.8 | r | 11.0 | 19.0 | 12.0 | r | ||
| Contra Costa | 1.6 | 1.7 | 2.2 | r | 11.0 | 28.5 | 20.0 | r | ||
| Marin | 2.9 | 2.5 | 2.4 | 70.0 | 57.5 | 30.5 | ||||
| Napa | 4.4 | 6.0 | 5.8 | 77.5 | 104.0 | 29.0 | ||||
| San Francisco | 2.3 | 2.8 | 3.4 | 42.0 | 85.0 | 42.5 | r | |||
| San Mateo | 2.1 | 2.7 | 2.4 | 10.0 | 17.5 | 12.0 | ||||
| Santa Clara | 1.9 | 1.8 | 2.9 | 8.0 | 11.0 | 9.0 | ||||
| Solano | 2.9 | 2.7 | 2.7 | 50.5 | 49.0 | 57.0 | ||||
| Sonoma | 3.5 | 3.1 | 3.2 | 66.5 | 65.0 | 55.5 | ||||
| Southern California | ||||||||||
| Imperial | 3.1 | NA | NA | 16.0 | 36.0 | 71.0 | ||||
| Los Angeles | 3.1 | 3.2 | 3.4 | 21.0 | 28.0 | 37.0 | r | |||
| Orange | 2.5 | 2.7 | 2.9 | 20.0 | 28.0 | 35.0 | r | |||
| Riverside | 3.4 | 4.0 | 3.6 | 36.0 | 40.0 | 54.0 | r | |||
| San Bernardino | 4.0 | 3.9 | 3.8 | 40.0 | 40.0 | 52.0 | r | |||
| San Diego | 2.3 | 2.6 | 2.3 | 13.0 | 21.5 | 19.0 | r | |||
| Ventura | 2.7 | 2.9 | 3.3 | 32.0 | 37.0 | 39.5 | r | |||
| Central Coast | ||||||||||
| Monterey | 3.9 | 3.9 | 3.9 | 15.5 | 29.0 | 23.0 | ||||
| San Luis Obispo | 3.2 | 3.6 | 3.7 | 39.0 | 31.0 | 18.0 | r | |||
| Santa Barbara | 3.1 | 3.5 | 3.0 | 12.5 | 21.5 | 20.0 | ||||
| Santa Cruz | 3.6 | 3.6 | 3.5 | 16.0 | 40.0 | 23.0 | ||||
| Central Valley | ||||||||||
| Fresno | 3.4 | 3.5 | 3.3 | 22.0 | 31.0 | 29.0 | r | |||
| Glenn | 3.2 | 4.3 | 6.0 | 32.0 | 10.0 | 46.0 | ||||
| Kern | 2.8 | 2.8 | 2.8 | 23.0 | 24.0 | 31.0 | ||||
| Kings | 3.6 | 3.6 | 3.7 | 16.0 | 22.0 | 39.0 | ||||
| Madera | 3.9 | 6.5 | 5.0 | 39.0 | 52.5 | 35.0 | r | |||
| Merced | 2.9 | 3.2 | 5.0 | 37.0 | 47.0 | 32.0 | r | |||
| Placer | 2.7 | 3.0 | 2.4 | r | 23.0 | 35.0 | 45.0 | r | ||
| Sacramento | 2.2 | 2.4 | 2.0 | r | 17.0 | 26.0 | 31.0 | r | ||
| San Benito | 3.3 | 3.7 | 3.5 | 40.0 | 55.5 | 38.5 | ||||
| San Joaquin | 3.0 | 2.6 | 2.1 | r | 25.5 | 31.5 | 43.0 | r | ||
| Stanislaus | 2.7 | 2.7 | 2.4 | r | 16.0 | 31.0 | 35.0 | r | ||
| Tulare | 3.7 | 3.7 | 3.4 | 28.0 | 28.0 | 29.0 | ||||
| Far North | ||||||||||
| Butte | 3.4 | 3.8 | 3.4 | 36.5 | 29.0 | 44.0 | r | |||
| Lassen | 9.1 | 13.1 | 15.7 | 110.0 | 41.0 | 73.0 | ||||
| Plumas | 3.9 | 4.2 | 10.1 | 81.0 | 89.0 | 39.0 | r | |||
| Shasta | 3.7 | 3.6 | 4.5 | 39.5 | 37.0 | 36.0 | ||||
| Siskiyou | 7.9 | 8.4 | 9.0 | 79.0 | 27.0 | 68.0 | ||||
| Tehama | 4.2 | 4.0 | 5.5 | 62.0 | 69.0 | 57.5 | ||||
| Trinity | 13.4 | 43.0 | NA | 160.0 | 258.0 | NA | ||||
| Other Calif. Counties | ||||||||||
| Amador | 5.6 | 4.3 | 4.8 | r | 47.0 | 64.0 | 42.0 | |||
| Calaveras | 6.4 | 4.0 | 5.4 | 68.0 | 54.5 | 91.0 | ||||
| Del Norte | 6.7 | 9.2 | 9.3 | 38.5 | 38.0 | 29.5 | r | |||
| El Dorado | 3.7 | 4.7 | 3.3 | r | 58.0 | 58.5 | 55.5 | r | ||
| Humboldt | 6.8 | 7.7 | 7.1 | 52.0 | 30.5 | 29.5 | ||||
| Lake | 8.1 | 7.3 | 7.3 | 61.0 | 93.0 | 92.0 | r | |||
| Mariposa | 9.6 | 6.2 | 12.0 | 36.5 | 71.5 | 27.0 | r | |||
| Mendocino | 8.4 | 6.4 | 8.8 | 77.0 | 96.0 | 119.0 | ||||
| Mono | 1.8 | 9.5 | 12.5 | 76.5 | 21.5 | 130.5 | ||||
| Nevada | 3.6 | 3.6 | 3.3 | r | 41.0 | 50.0 | 70.0 | r | ||
| Sutter | 2.7 | 2.6 | 3.0 | 16.0 | 16.0 | 27.5 | r | |||
| Tuolumne | 3.5 | 3.2 | 4.9 | 77.0 | 55.5 | 48.0 | r | |||
| Yolo | 2.2 | 2.6 | 2.2 | r | 32.0 | 40.5 | 40.0 | r | ||
| Yuba | 3.7 | 4.2 | 4.1 | r | 31.5 | 57.0 | 28.0 | r | ||
| r = revised |
| NA = not available |
SOURCE CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)
Tempering Mortgage Rates Propel California Home Sales in January
- Existing, single-family home sales totaled 256,160 in January on a seasonally adjusted annualized rate, up 14.4 percent from 224,000 in December and up 5.9 percent from 241,920 in January 2023.
- January’s statewide median home price was $788,940, down 3.8 percent from December and up 5.0 percent from $751,700 in January 2023.
- Year-to-date statewide home sales were down 5.9 percent.
Los Angeles, CA – Feb. 16, 2024 (PRNewswire) California existing home sales rebounded in January to the highest level in six months as mortgage rates pulled back sharply at the end of 2023, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 256,160 in January, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2024 if sales maintained the January pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
January’s sales pace climbed 14.4 percent higher from the revised 224,000 homes sold in December and was down 5.9 percent from a year ago, when a revised 241,920 homes were sold on an annualized basis. While the increase in January was the first year-over-year sales gain in 31 months, the sales pace stayed below the 300,000-unit threshold for the 16th straight month and will likely stay below that level in the first quarter of 2024. With interest rates moderating sharply at the end of 2023 and leveling off nearly 100 basis points below the most recent peak, home sales should continue to grow year-over-year in February, but the improvement will be modest.
“It’s encouraging to see California’s housing market kick off the year with positive sales growth in January,” said C.A.R. President Melanie Barker, a Yosemite REALTOR®. “While we’ll likely experience some ups and downs in home sales in the coming months as rates continue to fluctuate, the lending environment is expected to be more favorable in 2024, so the market should see more pent-up demand translate into sales.”
Infographic: https://www.car.org/Global/Infographics/2024-01-Sales-and-Price
While California’s statewide median home price decreased 3.8 percent from December’s $819,740 to $788,940 in January, it registered a 5.0 year-over-year gain, the seventh straight month of annual price gains. The monthly price decline was due primarily to seasonal factors, and the January figure marked the first time in ten months that the median price dropped below the $800,000 benchmark. With mortgage rates softening since mid-October, home prices will likely maintain their upward momentum, and the market should continue to observe a mid- to single-digit, year-over-year growth rate in California’s median price in at least the early part of 2024.
“The increase in new active listings for the first time in 19 months was great news for the California housing market,” said C.A.R. Senior Vice President and Chief Economist Jordan Levine. “With rates climbing back up to a two-month high earlier this week due to the latest inflation concerns, potential home sellers could hit the pause button on listing their house on the market and wait until rates begin to ease again. In general, rates are expected to decline later this year, and available inventory should slowly improve throughout 2024.”
Other key points from C.A.R.’s January 2024 resale housing report include:
- At the regional level, sales in all major regions rose in January on a year-over-year basis, with the Central Valley region recording the largest increase of 12.5 percent from a year ago. The Far North (6.8 percent), San Francisco Bay Area (6.2 percent) and Central Coast (5.2 percent) were the other major regions posting modest sales growth of 5 percent or more from the prior year. Southern California (2.2 percent) also registered an increase from a year ago, but at a more moderate pace.
- Fourteen of the 52 counties tracked by C.A.R. registered a sales decline from a year ago, with 7 counties dropping more than 10 percent year-over-year and four counties falling more than 20 percent from last January. Mono (-50.0 percent) registered the biggest sales dip, followed by Trinity (-33.3 percent) and Glenn (-25.0 percent). Thirty-six counties logged a sales increase from last year, with Siskiyou (72.7 percent) gaining the most year-over-year, followed by San Benito (66.7 percent) and Tuolumne (62.2 percent).
- At the regional level, all but one major region recorded an annual increase in their median prices. The San Francisco Bay Area posted a 10.6 percent year-over-year jump. The median price in Southern California (7.0 percent), Central Valley (6.8 percent) and the Central Coast (3.5 percent) also jumped from a year ago in January, but the growth was more moderate. The Far North (-2.0 percent) was the only region of the state to record a price decline when compared to January 2023, with three of its seven counties posting price drops from a year ago.
- Home prices continued to show year-over-year improvement in many counties, with 41 counties across the state registering a median price higher than what was recorded a year ago. Santa Barbara (43.8 percent) registered the biggest price increase in January, followed by Mendocino (27.0 percent) and Marin (26.9 percent). Nine counties logged median price decreases from last year, with Siskiyou dropping the most at -14.7 percent, followed by Lassen (-11.9 percent) and Glenn (-11.1 percent).
- Unsold inventory statewide increased 28 percent on a month-over-month basis and declined from January 2023 by -8.6 percent. The Unsold Inventory Index (UII), which measures the number of months needed to sell the supply of homes on the market at the current sales rate declined from 2.5 months in December to 3.2 months in January. The index was 3.5 months in January 2023.
- Active listings at the state level dipped again on a year-over year basis for the 10th straight month in January, but the decline was the smallest ― a sign that active listings might be heading in the right direction as the market approaches the spring homebuying season. That said, while the reprieve in mortgage rates might have provided some hope that more for-sale properties would be listed as we kick off the new year, the jump in mortgage rates in the past couple of weeks could cause potential sellers to reconsider listing their homes for sale.
- Active listings declined from a year-ago in 35 counties in January, with 17 of them registering a double-digit decrease at the beginning of this year. Contra Costa had the biggest year-over-year dip at -36.0 percent, followed by Mono (-33.3 percent) and Santa Clara (-31.8 percent). Sixteen counties recorded a year-over-year gain, with El Dorado jumping the most with an increase of 32.0 percent from a year ago, followed by Santa Barbara (31.6 percent) and Nevada (28.9 percent). On a month-to-month basis, 34 counties recorded a drop in active listings last month while 18 counties recorded a monthly increase in for-sale properties in January with active listings in Shasta (143.6 percent) more than doubled.
- New active listings at the state level increased from a year ago for the first time in 19 months, and the annual increase was the largest since May 2022. The jump in new active listings contributed to an improvement in overall active listings, and the sharp drop in rates at the end of 2023 was likely the motivating factor that convinced more homeowners to sell their homes.
- The median number of days it took to sell a California single-family home was 32 days in January and 39 days in January 2023.
- C.A.R.’s statewide sales-price-to-list-price ratio* was 98.9 percent in January 2023 and 96.5 percent in January 2023.
- The statewide average price per square foot** for an existing single-family home was $386, up from $370 in January a year ago.
- The 30-year, fixed-mortgage interest rate averaged 6.64 percent in January, up from 6.27 percent in January 2023, according to C.A.R.’s calculations based on Freddie Mac’s weekly mortgage survey data.
Note: The County MLS median price and sales data in the tables 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. County sales data is 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.
*Sales-to-list-price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions. The ratio is calculated by dividing the final sales price of a property by its original list price and is expressed as a percentage. A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.
**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property. It is calculated as the sale price of the home divided by the number of finished square feet. C.A.R. currently tracks price-per-square foot statistics for 51 counties.
Leading the way…® in California real estate for more than 117 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 200,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
| January 2023 County Sales and Price Activity | |||||||||
| (Regional and condo sales data not seasonally adjusted) | |||||||||
| January 2024 | Median Sold Price of Existing Single-Family Homes | Sales | |||||||
| State/Region/County | Jan.2024 | Dec.2023 | Jan.2023 | Price MTM% Chg | Price YTY% Chg | Sales MTM% Chg | Sales YTY% Chg | ||
| Calif. Single-family homes | $788,940 | $819,740 | $751,700 | r | -3.8 % | 5.0 % | 14.4 % | 5.9 % | |
| Calif. Condo/Townhomes | $630,000 | $635,000 | $580,000 | -0.8 % | 8.6 % | -7.8 % | 14.2 % | ||
| Los Angeles Metro Area | $750,000 | $760,000 | $700,000 | -1.3 % | 7.1 % | -14.6 % | 2.8 % | ||
| Central Coast | $926,000 | $979,500 | $894,500 | -5.5 % | 3.5 % | -11.3 % | 5.2 % | ||
| Central Valley | $460,000 | $462,000 | $430,750 | r | -0.4 % | 6.8 % | -9.2 % | 12.5 % | |
| Far North | $361,500 | $364,500 | $369,000 | r | -0.8 % | -2.0 % | -6.9 % | 6.8 % | |
| Inland Empire | $559,280 | $570,000 | $540,000 | -1.9 % | 3.6 % | -12.1 % | 5.3 % | ||
| San Francisco Bay Area | $1,100,000 | $1,182,000 | $995,000 | r | -6.9 % | 10.6 % | -24.3 % | 6.2 % | |
| Southern California | $790,000 | $790,000 | $738,250 | 0.0 % | 7.0 % | -12.2 % | 2.2 % | ||
| San Francisco Bay Area | |||||||||
| Alameda | $1,103,000 | $1,175,000 | $1,015,000 | r | -6.1 % | 8.7 % | -33.6 % | -10.7 % | |
| Contra Costa | $770,000 | $800,000 | $725,000 | r | -3.8 % | 6.2 % | -17.0 % | 8.7 % | |
| Marin | $1,524,500 | $1,555,000 | $1,201,000 | -2.0 % | 26.9 % | -38.3 % | 56.8 % | ||
| Napa | $989,500 | $925,000 | $790,000 | 7.0 % | 25.3 % | -30.6 % | 3.0 % | ||
| San Francisco | $1,530,000 | $1,450,000 | $1,385,000 | 5.5 % | 10.5 % | -20.5 % | -5.1 % | ||
| San Mateo | $1,975,000 | $1,800,000 | $1,625,000 | 9.7 % | 21.5 % | -45.7 % | -7.0 % | ||
| Santa Clara | $1,710,440 | $1,725,000 | $1,530,000 | -0.8 % | 11.8 % | -22.8 % | 19.7 % | ||
| Solano | $575,000 | $562,000 | $580,000 | 2.3 % | -0.9 % | 2.0 % | 11.5 % | ||
| Sonoma | $829,900 | $812,930 | $781,930 | 2.1 % | 6.1 % | -19.0 % | 15.1 % | ||
| Southern California | |||||||||
| Los Angeles | $833,000 | $853,340 | $778,540 | -2.4 % | 7.0 % | -17.1 % | 0.8 % | ||
| Orange | $1,320,000 | $1,300,000 | $1,194,500 | 1.5 % | 10.5 % | -14.8 % | -1.0 % | ||
| Riverside | $610,000 | $607,500 | $585,000 | 0.4 % | 4.3 % | -9.7 % | -0.1 % | ||
| San Bernardino | $477,500 | $506,000 | $446,900 | -5.6 % | 6.8 % | -15.9 % | 15.6 % | ||
| San Diego | $925,000 | $911,500 | $824,900 | r | 1.5 % | 12.1 % | -0.9 % | 0.0 % | |
| Ventura | $870,000 | $882,500 | $815,000 | -1.4 % | 6.7 % | -10.0 % | 15.8 % | ||
| Central Coast | |||||||||
| Monterey | $825,000 | $929,000 | $850,000 | -11.2 % | -2.9 % | -9.7 % | -4.1 % | ||
| San Luis Obispo | $910,000 | $956,000 | $795,750 | -4.8 % | 14.4 % | -8.3 % | 28.7 % | ||
| Santa Barbara | $1,280,000 | $1,190,000 | $890,000 | 7.6 % | 43.8 % | -1.7 % | 1.8 % | ||
| Santa Cruz | $1,190,000 | $1,050,000 | $1,170,000 | 13.3 % | 1.7 % | -32.1 % | -9.8 % | ||
| Central Valley | |||||||||
| Fresno | $406,000 | $397,000 | $375,000 | 2.3 % | 8.3 % | -9.6 % | 15.5 % | ||
| Glenn | $349,000 | $349,500 | $392,500 | -0.1 % | -11.1 % | -47.1 % | -25.0 % | ||
| Kern | $375,000 | $374,180 | $357,500 | 0.2 % | 4.9 % | 6.4 % | 4.0 % | ||
| Kings | $365,000 | $380,000 | $365,000 | -3.9 % | 0.0 % | -31.0 % | -7.5 % | ||
| Madera | $466,080 | $410,500 | $387,460 | 13.5 % | 20.3 % | -41.9 % | 28.4 % | ||
| Merced | $380,000 | $385,000 | $369,000 | -1.3 % | 3.0 % | 15.1 % | 45.2 % | ||
| Placer | $620,000 | $633,020 | $620,000 | r | -2.1 % | 0.0 % | -14.8 % | 13.8 % | |
| Sacramento | $515,000 | $535,000 | $499,000 | r | -3.7 % | 3.2 % | -10.8 % | 5.5 % | |
| San Benito | $760,000 | $789,890 | $719,000 | -3.8 % | 5.7 % | -9.1 % | 66.7 % | ||
| San Joaquin | $530,000 | $530,000 | $509,900 | r | 0.0 % | 3.9 % | -2.2 % | 21.9 % | |
| Stanislaus | $450,000 | $462,500 | $410,000 | r | -2.7 % | 9.8 % | 3.8 % | 24.6 % | |
| Tulare | $349,000 | $362,000 | $332,720 | -3.6 % | 4.9 % | -11.0 % | 3.2 % | ||
| Far North | |||||||||
| Butte | $390,000 | $418,000 | $410,000 | -6.7 % | -4.9 % | -18.3 % | -14.7 % | ||
| Lassen | $229,000 | $272,500 | $260,000 | -16.0 % | -11.9 % | -68.2 % | -22.2 % | ||
| Plumas | $363,620 | $360,000 | $350,000 | 1.0 % | 3.9 % | 0.0 % | 54.5 % | ||
| Shasta | $395,000 | $355,760 | $373,750 | 11.0 % | 5.7 % | 11.6 % | 11.6 % | ||
| Siskiyou | $329,000 | $331,500 | $385,860 | -0.8 % | -14.7 % | -32.1 % | 72.7 % | ||
| Tehama | $340,000 | $305,000 | $314,900 | 11.5 % | 8.0 % | 18.2 % | 4.0 % | ||
| Trinity | $402,500 | $287,000 | $380,000 | 40.2 % | 5.9 % | -66.7 % | -33.3 % | ||
| Other Calif. Counties | |||||||||
| Amador | $444,500 | $415,000 | $399,000 | r | 7.1 % | 11.4 % | 40.7 % | 22.6 % | |
| Calaveras | $434,500 | $437,500 | $455,000 | -0.7 % | -4.5 % | 29.4 % | 7.3 % | ||
| Del Norte | $295,000 | $487,000 | $300,000 | -39.4 % | -1.7 % | -25.0 % | 28.6 % | ||
| El Dorado | $650,000 | $660,000 | $575,000 | r | -1.5 % | 13.0 % | -9.2 % | 25.3 % | |
| Humboldt | $410,000 | $425,000 | $395,000 | -3.5 % | 3.8 % | -42.6 % | 5.9 % | ||
| Lake | $325,000 | $315,000 | $310,000 | 3.2 % | 4.8 % | 21.6 % | 4.7 % | ||
| Mariposa | $431,500 | $442,000 | $372,500 | -2.4 % | 15.8 % | -25.0 % | 0.0 % | ||
| Mendocino | $494,000 | $599,000 | $389,000 | -17.5 % | 27.0 % | 68.0 % | 55.6 % | ||
| Mono | $1,304,500 | $1,052,500 | $1,125,500 | 23.9 % | 15.9 % | -66.7 % | -50.0 % | ||
| Nevada | $525,000 | $537,000 | $470,000 | -2.2 % | 11.7 % | -22.7 % | 31.6 % | ||
| Sutter | $435,000 | $429,500 | $395,000 | r | 1.3 % | 10.1 % | -14.3 % | -16.3 % | |
| Tuolumne | $360,750 | $444,000 | $388,000 | -18.8 % | -7.0 % | 5.3 % | 62.2 % | ||
| Yolo | $600,360 | $630,000 | $530,000 | r | -4.7 % | 13.3 % | 13.4 % | 40.7 % | |
| Yuba | $455,000 | $440,000 | $425,000 | 3.4 % | 7.1 % | 7.0 % | 9.5 % | ||
r = revised
| January 2023 County Unsold Inventory and Days on Market | ||||||||||
| (Regional and condo sales data not seasonally adjusted) | ||||||||||
| January 2024 | Unsold Inventory Index | Median Time on Market | ||||||||
| State/Region/County | Jan.2024 | Dec.2023 | Jan.2023 | Jan.2024 | Dec.2023 | Jan.2023 | ||||
| Calif. Single-family homes | 3.2 | 2.5 | 3.5 | r | 32.0 | 26.0 | 39.0 | r | ||
| Calif. Condo/Townhomes | 3.2 | 2.5 | 3.5 | 31.0 | 27.0 | 36.0 | r | |||
| Los Angeles Metro Area | 3.4 | 2.7 | 3.8 | 32.0 | 27.0 | 41.0 | r | |||
| Central Coast | 3.6 | 3.0 | 3.5 | 29.0 | 19.0 | 33.0 | r | |||
| Central Valley | 3.1 | 2.6 | 3.5 | r | 30.0 | 25.0 | 39.0 | r | ||
| Far North | 4.6 | 3.2 | 4.9 | r | 43.0 | 37.0 | 50.0 | r | ||
| Inland Empire | 4.0 | 3.3 | 4.4 | 40.0 | 34.0 | 46.0 | r | |||
| San Francisco Bay Area | 2.3 | 1.5 | 2.6 | r | 31.0 | 23.0 | 33.0 | r | ||
| Southern California | 3.2 | 2.6 | 3.6 | 30.0 | 26.0 | 39.0 | r | |||
| San Francisco Bay Area | ||||||||||
| Alameda | 1.9 | 0.9 | 2.0 | r | 19.0 | 15.0 | 27.0 | r | ||
| Contra Costa | 1.7 | 1.2 | 2.4 | r | 28.5 | 18.0 | 31.0 | r | ||
| Marin | 2.5 | 1.5 | 4.5 | 57.5 | 66.0 | 72.0 | ||||
| Napa | 6.0 | 4.1 | 5.9 | 104.0 | 85.0 | 84.0 | ||||
| San Francisco | 2.8 | 1.5 | 2.9 | 85.0 | 48.0 | 49.5 | r | |||
| San Mateo | 2.7 | 1.1 | 2.4 | 17.5 | 17.0 | 22.0 | ||||
| Santa Clara | 1.8 | 1.1 | 2.5 | 11.0 | 12.0 | 22.5 | ||||
| Solano | 2.7 | 2.9 | 2.9 | 49.0 | 45.0 | 58.0 | ||||
| Sonoma | 3.1 | 2.5 | 3.3 | 65.0 | 61.5 | 43.5 | ||||
| Southern California | ||||||||||
| Los Angeles | 3.2 | 2.6 | 3.7 | 28.0 | 23.0 | 37.0 | r | |||
| Orange | 2.7 | 2.0 | 3.1 | 28.0 | 24.0 | 41.0 | r | |||
| Riverside | 4.0 | 3.3 | 4.3 | 40.0 | 32.0 | 45.0 | r | |||
| San Bernardino | 3.9 | 3.3 | 4.7 | 40.0 | 38.0 | 47.0 | r | |||
| San Diego | 2.6 | 2.2 | 2.7 | 21.5 | 18.0 | 32.0 | r | |||
| Ventura | 2.9 | 2.4 | 3.4 | 37.0 | 37.0 | 41.0 | r | |||
| Central Coast | ||||||||||
| Monterey | 3.9 | 3.2 | 3.9 | 29.0 | 14.0 | 33.0 | ||||
| San Luis Obispo | 3.6 | 3.1 | 4.3 | 31.0 | 27.0 | 41.0 | r | |||
| Santa Barbara | 3.5 | 3.2 | 2.6 | 21.5 | 14.5 | 18.5 | ||||
| Santa Cruz | 3.6 | 2.2 | 3.3 | 40.0 | 24.0 | 35.0 | ||||
| Central Valley | ||||||||||
| Fresno | 3.5 | 3.1 | 4.2 | 31.0 | 21.0 | 36.0 | r | |||
| Glenn | 4.3 | 1.9 | 2.9 | 10.0 | 54.0 | 36.5 | r | |||
| Kern | 2.8 | 2.8 | 3.1 | 24.0 | 19.0 | 32.5 | ||||
| Kings | 3.6 | 2.2 | 3.5 | 22.0 | 42.0 | 53.0 | ||||
| Madera | 6.5 | 3.5 | 7.2 | 52.5 | 30.0 | 38.0 | r | |||
| Merced | 3.2 | 3.2 | 4.4 | 47.0 | 36.0 | 47.5 | r | |||
| Placer | 3.0 | 2.4 | 3.8 | r | 35.0 | 33.0 | 43.0 | r | ||
| Sacramento | 2.4 | 2.0 | 2.7 | r | 26.0 | 27.0 | 39.5 | r | ||
| San Benito | 3.7 | 3.0 | 5.6 | 55.5 | 39.0 | 27.5 | ||||
| San Joaquin | 2.6 | 2.4 | 2.9 | r | 31.5 | 22.0 | 46.0 | r | ||
| Stanislaus | 2.7 | 2.7 | 3.3 | r | 31.0 | 19.0 | 36.0 | r | ||
| Tulare | 3.7 | 3.0 | 3.8 | 28.0 | 26.0 | 34.5 | ||||
| Far North | ||||||||||
| Butte | 3.8 | 3.1 | 3.9 | 29.0 | 27.0 | 50.0 | r | |||
| Lassen | 13.1 | 4.2 | 10.9 | 41.0 | 47.0 | 128.0 | ||||
| Plumas | 4.2 | 4.9 | 6.9 | 89.0 | 102.0 | 85.0 | r | |||
| Shasta | 3.6 | 1.6 | 4.2 | 37.0 | 33.5 | 41.5 | ||||
| Siskiyou | 8.4 | 6.1 | 13.2 | 27.0 | 37.5 | 134.0 | r | |||
| Tehama | 4.0 | 5.0 | 5.8 | 69.0 | 83.5 | 66.0 | ||||
| Trinity | 43.0 | 14.2 | NA | 258.0 | 139.5 | 33.0 | ||||
| Other Calif. Counties | ||||||||||
| Amador | 4.3 | 6.6 | 4.6 | r | 64.0 | 34.0 | 58.0 | r | ||
| Calaveras | 4.0 | 5.2 | 4.4 | 54.5 | 69.5 | 81.0 | ||||
| Del Norte | 9.2 | 7.3 | 10.1 | 38.0 | 69.0 | 63.0 | r | |||
| El Dorado | 4.7 | 3.2 | 4.4 | 58.5 | 50.0 | 51.0 | r | |||
| Humboldt | 7.7 | 4.1 | 6.8 | 30.5 | 37.5 | 24.0 | ||||
| Lake | 7.3 | 8.8 | 6.4 | 93.0 | 55.0 | 59.0 | r | |||
| Mariposa | 6.2 | 4.8 | 5.4 | 71.5 | 31.0 | 65.5 | r | |||
| Mendocino | 6.4 | 11.7 | 8.4 | 96.0 | 109.0 | 131.0 | ||||
| Mono | 9.5 | 2.8 | 6.3 | 21.5 | 71.5 | 160.5 | ||||
| Nevada | 3.6 | 2.7 | 3.9 | 50.0 | 53.0 | 50.0 | r | |||
| Sutter | 2.6 | 2.4 | 2.8 | 16.0 | 28.0 | 40.0 | r | |||
| Tuolumne | 3.2 | 3.9 | 5.2 | 55.5 | 48.0 | 66.0 | r | |||
| Yolo | 2.6 | 2.7 | 3.0 | r | 40.5 | 34.0 | 44.5 | r | ||
| Yuba | 4.2 | 4.7 | 4.9 | r | 57.0 | 36.0 | 45.5 | r | ||
r = revised
SOURCE CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)
