Based on the past month’s sales and current active listings, there are currently 3.9 months of housing inventory which indicates a balanced demand/supply trend. Over the past 30 days properties have sold after a median of 45 days of market exposure which indicates a marketing time trend of under 90 days.
25.6% of all sales over the past year had sales restrictions (typically bank or short sales), per the multiple listing service. Agents do not accurately report sales restrictions and the actual ratio of bank/short sales is potentially higher.
State of California Real Estate Appraiser
Houses, Condominiums, and Vacant Land