June 6th, 2014 9:34 PM by Don Forrester
Market @ A Glance
California
Reporting Period
Current Period
Last Period
Year Ago
Change from Last Period
Change from Year Ago
Existing Home Sales (SAAR) *
April-14
394,070
367,020
423,690
7.4%
-7.0%
Median Home Price *
$449,360
$435,580
$402,830
3.2%
11.6%
Unsold Inventory Index (months) *
3.5
4.0
2.8
-12.5%
25.0%
Median Time on Market (days) *
33.8
35.0
27.9
-3.4%
21.1%
Traditional Housing Affordability Index (HAI) *
2014 Q1
33%
32%
44%
1.0%
-11.0%
30-year fixed-rate mortgage (FRM) **
4.34%
3.45%
0.00%
0.89%
SOURCES * CALIFORNIA ASSOCIATION OF REALTORS®, ** Federal Home Loan Mortgage Corp.