California median home price up year over year 6.8%, but down .2% month to month. The quantity of sales dropped 8.4% month over month, and dropped 1.6$. The inventory jumped 13.5% month over month.
The seasonal change is typical, and the impact of El Nino on Northern California sales may skew the numbers. We already know price appreciation has leveled off.
If you are in the Los Angeles region, have any questions or real estate sales or financing needs, feel free in contacting:
Ron Henderson GRI, RECS, CIAS
President/Broker
Multi Real Estate Services, Inc
Gov’t Affairs Chair – California Association of Mortgage Professionals
www.mres.com
ronh@mres.com
Real Estate market, Mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley