Seasonal dynamics power today’s home price illusion — not buyer demand; Monthly Statistical Updated (August 2023)

Posted by ft Editorial Staff | Jul 28, 2023 | Charts, Feature Articles, Market Watch, Monthly Statistical Update, Real Estate, Video | 0

The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions.

This month, we’re covering:

California home prices, which remain well below the mid-2022 peak despite a spring seasonal bounce;
home sales volume, with year-to-date sales a fee-crushing 33% below a year earlier as of May 2023; and
anemic MLS inventory, evidence of seller reluctance to list in 2023.

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About The Author

ft Editorial Staff

is the production staff comprised of legal editor Fred Crane, writer-editors Connor P. Wallmark, Carrie B. Reyes, Amy Platero, David Swistock, consulting instructor Summer Goralik, graphic designer Mary LaRochelle, video instructor Bill Mansfield and video editors John Rojas, Quinn Stevenson and Jose Melendez Avila.