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C.A.R. closely monitors and analyzes trends in the residential real estate industry. The table below contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates. Click here for PDF version.

Market @ A Glance
California Reporting Period Current
Period
Last
Period
Year
Ago
Change from Last Period Change from Year Ago
Existing Home Sales (SAAR)  * January-15      351,890        366,130        361,790 -3.9% -2.7%
Median Home Price  * January-15 $426,790 $453,780 $412,820 -5.9% 3.4%
Unsold Inventory Index (months)  * January-15 5.0 3.3 4.3 51.5% 16.3%
Median Time on Market (days)  * January-15 52.4 47.5 44.3 10.3% 18.3%
Traditional Housing Affordability Index (HAI)  * 2014 Q4 31% 30% 32% 1.0% -1.0%
30-year fixed-rate mortgage (FRM)  ** January-15 3.67% 3.86% 4.43% -0.19% -0.76%
SOURCES * CALIFORNIA ASSOCIATION OF REALTORS®, ** Federal Home Loan Mortgage Corp.