Carmen Queral, PAC, MBA - Beverly Hills Realtor
"Everything is Possible in Real Estate"
(818) 321-5056

Real Estate News & Statistics

5/16/18--Latest Available Stats:

1/2018--Latest Statistics for all Los Angeles County:


September 2017 U.S. Existing Home Sales and Prices (latest available) - - The National Association of Realtors

 reported that existing home sales increased 0.7% in September, representing its 28th straight month of year over year decreases in the amount of homes for sale. The unsold inventory index fell to a 4.2 month supply of homes for sale, down from a 4.5 month supply one year ago.  from August sales levels. Year over year closed escrows on existing homes were1.5% below last September's pace. Most of that decline was attributed to hurricane damaged areas which showed large declines in sales. Existing home sales include re-sales of one to four unit homes, town-homes, condominiums, and Co-ops. The median price nationwide for an existing home increased 4.2% from September 2016, the 67th straight month of year over year increases. Total housing inventory was 1.6% higher in September than in August, but 6.4% below last September.

September 2017

September 2017


8/26/16: From CAR:

 8/18/16: From CAR (California Association of Realtors), for July 2016:

• "C.A.R.’s Unsold Inventory Index, which indicates the number of months needed to sell the supply of homes on the market at the current sales rate, inched up to 3.6 months in July from 3.2 months in June. The index stood at 3.3 months in July 2015."  A normal market has an inventory of 6 to 7 months.

8/5/16: Incredible Mortgage Rates These Days Still...The Freddie Mac Primary Mortgage Survey released on August 4, 2016 showed that average mortgage rates from lenders surveyed for the most popular mortgage products were as follows: The 30-year fixed rate average was 3.43%. The 15-year fixed average rate was 2.74%. The 5/1 ARM average rate was 2.73%. Rates were about 1/8% higher to end the week, so expect next week's survey to reflect that.  If you're thinking of buying, it's a great time to take advantage of these rates that are still so good--they're starting to climb!

California Existing Home Sales and Prices Post Best Pace in Six Months

California existing home sales and prices post best pace in six months – The California Association of Realtors reported that existing home sales totaled 415,220 in March on a seasonally adjusted annualized rate, up 5.5% from February, and 5.7% higher than last March... Read More

Mortgage Applications Up!

Homebuyers finally fuel mortgage volume, applications up 10%! It took a few weeks, but near record low mortgage rates may be pushing more homebuyers into this spring’s housing market... Read More

Interesting California Real Estate Facts

California homeownership was 46.3% in 1900 and rose to 54.3% in 2013... Read More

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