Lacking interest rate support, home sales volume crumbles heading into 2023; Monthly Statistical Update (February 2023)

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

This month, we’re covering:

• today’s declining home sales volume, with year-to-date sales 23% below a year earlier as of November 2022;
• the historically low buyer purchasing power index, which represents 31% less mortgage money available to the typical homebuyer at the end of 2022; and
• the fluctuating 30-year fixed rate mortgage (FRM) rate, leveling near 6.4% in January 2023.

Download the Monthly Statistical Update