2013 Annual Historical Data

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2013 Annual Historical Data

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2013 Annual Historical Data

  1. 1. Copyright © 2013 CALIFORNIA ASSOCIATION OF REALTORS®. No portion of this text may be reproduced, redistributed, faxed, or transmitted electronically without written permission.
  2. 2. Table of Contents California and U.S. Existing Single-Family Home Annual Median Sales Price and Annual Sales Activity 1968 - 2012 3 California Existing Single-Family Home Monthly Median Sales Price and Monthly Sales Activity 1979 - 2012 5 California Existing Condominium Annual Median Price and % Change in Sales 1980 - 2012 14 California Existing Condominium Monthly Median Sales Price and Monthly Sales Activity 1981 - 2012 15 California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990 - 2012 23 California Regions, Existing Single-Family Home Annual Housing Affordability Index 1984 - 2012 36 California and U.S. Existing Single-Family Home Monthly/Quarterly Housing Affordability Index 1988 - 2012 39 California Counties, Existing Single-Family Home Quarterly and Annual Housing Affordability Index 2010 - 2012 45 California Regions, Existing Single-Family Home Annual First-Time Buyer Housing Affordability Index 2000 - 2012 48 California and U.S. Existing Single-Family Home Quarterly First-Time Buyer Housing Affordability Index 2000 - 2012 50 California Counties, Existing Single-Family Home Quarterly and Annual First-Time Buyer Housing Affordability Index 2010 - 2012 51 California Existing Single-Family Home Monthly Pending Sales Activity 2008 - 2012 54 U.S. and West Region Existing Single-Family Home Monthly Pending Sales Activity 2008 - 2012 56 California and Selected Counties Exisiting Single-Family Homes Monthly Share of Equity Sales 2009 - 2012 57 CALIFORNIA ASSOCIATION OF REALTORS® 1 May 2013
  3. 3. Table of Contents California and Selected Counties Exisiting Single-Family Homes Monthly Share of REO Sales 2009 - 2012 61 California and Selected Counties Exisiting Single-Family Homes Monthly Share of Short Sales 2009 - 2012 65 California Existing Single-Family Home Annual Unsold Inventory Index (In Months) and Median Time on Market (In Days) 1982 - 2012 69 California Existing Single-Family Home Monthly Unsold Inventory Index (In Months) and Median Time on Market (In Days) 1982 - 2012 70 California Counties Existing Single-Family Home Monthly Unsold Inventory Index (In Months) 2008 - 2012 78 California Counties Existing Single-Family Home Monthly Median Time on Market (In Days) 2008 - 2012 82 National Average Commitment Rates On Conventional Home Mortgages 1973 - 2012 85 Combined Conventional Single-Family Mortgages Annual National Averages, Previously Occupied Homes 1973 - 2012 86 California Existing Single-Family Home Market Market Share of Sample Sales 1982 - 2012 87 Assumptions and Methodology Used to Calculate C.A.R's Traditional Housing Affordability Index and First-Time Buyer Housing Affordability Index 88 Source of C.A.R. Data 89 CALIFORNIA ASSOCIATION OF REALTORS® 2 May 2013
  4. 4. California and U.S. Existing Single-Family Home Annual Median Sales Price and Annual Sales Activity 1968 - 2012 Median Sales Price Annual Sales Activity Year CALIFORNIA1 Year-to-Year % Change Median UNITED STATES2 Year-toYear Median % Change 1968 $23,210 NA $20,100 NA 1969 $24,230 4.4% $21,800 8.5% N/A NA 1,594,000 NA 1970 $24,640 1.7% $23,000 5.5% 216,054 NA 1,612,000 1.1% 1971 $26,880 9.1% $24,800 7.8% 293,361 35.8% 2,018,000 25.2% 1972 $28,810 7.2% $26,700 7.7% 346,046 18.0% 2,252,000 11.6% 1973 $31,460 9.2% $28,900 8.2% 329,461 -4.8% 2,334,000 3.6% 1974 $34,610 10.0% $32,000 10.7% 326,389 -0.9% 2,272,000 -2.7% 1975 $41,600 20.2% $35,300 10.3% 369,678 13.3% 2,476,000 9.0% 1976 $48,630 16.9% $38,100 7.9% 454,688 23.0% 3,064,000 23.7% 1977 $62,290 28.1% $42,900 12.6% 466,187 2.5% 3,650,000 19.1% 1978 $70,890 13.8% $48,700 13.5% 491,974 5.5% 3,986,000 9.2% 1979 $84,150 18.7% $55,700 14.4% 477,526 -2.9% 3,827,000 -4.0% 1980 $99,550 18.3% $62,200 11.7% 377,664 -20.9% 2,973,000 -22.3% 1981 $107,710 8.2% $66,400 6.8% 271,244 -28.2% 2,419,000 -18.6% 1982 $111,800 3.8% $67,800 2.1% 189,345 -30.2% 1,990,000 -17.7% 1983 $114,370 2.3% $70,300 3.7% 278,007 46.8% 2,697,000 35.5% 1984 $114,260 -0.1% $72,400 3.0% 309,020 11.2% 2,829,000 4.9% 1985 $119,860 4.9% $75,500 4.3% 328,274 6.2% 3,134,000 10.8% 1986 $133,640 11.5% $80,300 6.4% 393,983 20.0% 3,474,000 10.8% 1987 $142,060 6.3% $85,600 6.6% 413,545 5.0% 3,436,000 -1.1% 1988 $168,200 18.4% $89,300 4.3% 454,814 10.0% 3,513,000 2.2% 1989 $196,120 16.6% $94,600 5.9% 435,521 -4.2% 3,010,000 -14.3% 1990 $193,770 -1.2% $97,300 2.9% 319,060 -26.7% 2,914,000 -3.2% 1991 $200,660 3.6% $102,700 5.5% 300,020 -6.0% 2,885,000 -1.0% 1992 $197,030 -1.8% $105,500 2.7% 304,810 1.6% 3,150,000 9.2% 1993 $188,240 -4.5% $109,100 3.4% 311,080 2.1% 3,427,000 8.8% 1994 $185,010 -1.7% $113,500 4.0% 350,360 12.6% 3,544,000 3.4% 1995 $178,160 -3.7% $117,000 3.1% 307,440 -12.3% 3,519,000 -0.7% 1996 $177,270 -0.5% $122,600 4.8% 344,830 12.2% 3,797,000 7.9% 1997 $186,490 5.2% $129,000 5.2% 379,070 9.9% 3,964,000 4.4% 1998 $200,100 7.3% $136,000 5.4% 432,650 14.1% 4,495,000 13.4% 1999 $217,510 8.7% $141,200 3.8% 464,050 7.3% 4,651,000 3.5% CALIFORNIA ASSOCIATION OF REALTORS® CALIFORNIA1 Year-toYear % Change Sales* N/A 3 NA UNITED STATES2 Year-toYear % Change Sales* 1,569,000 NA May 2013
  5. 5. California and U.S. Existing Single-Family Home Annual Median Sales Price and Annual Sales Activity 1968 - 2012 Median Sales Price Year CALIFORNIA1 Year-to-Year % Change Median 2000 $241,350 2001 2002 Annual Sales Activity UNITED STATES2 Year-toYear Median % Change CALIFORNIA1 Year-toYear % Change Sales* 11.0% $147,300 4.3% 470,730 $262,350 8.7% $156,600 6.3% $316,130 20.5% $167,600 7.0% 2003 $371,520 17.5% $180,200 2004 $450,770 21.3% $195,200 2005 $522,670 16.0% $219,000 2006 $556,430 6.5% 2007 $560,270 0.7% 2008 $348,490 -37.8% 2009 $274,960 -21.1% 2010 $305,010 10.9% 2011 $286,040 -6.2% 2012 $319,340 11.6% UNITED STATES2 Year-toYear % Change Sales* 1.4% 4,604,000 -1.0% 448,560 -4.7% 4,733,000 2.8% 511,740 14.1% 4,974,000 5.1% 7.5% 550,550 7.6% 5,443,000 9.4% 8.3% 571,440 3.8% 5,959,000 9.5% 12.2% 576,240 0.03% 6,180,000 3.7% $221,900 1.3% 438,970 -23.8% 5,677,000 -8.1% $217,900 -1.8% 292,420 -33.4% 4,420,000 -22.1% $196,600 -9.8% 381,420 30.4% 3,660,000 -17.2% $172,100 -12.5% 474,860 24.5% 3,870,000 5.7% $173,100 0.6% 416,520 -12.3% 3,708,000 -4.2% $166,200 -4.0% 422,550 1.4% 3,787,000 2.1% $177,200 6.6% 440,690 4.3% 4,128,000 9.0% 1 Source: CALIFORNIA ASSOCIATION OF REALTORS® - Revised to reflect 1996 sample expansion Source: National Association of REALTORS® *The annualized sales figures are adjusted to account for seasonal factors. 2 CALIFORNIA ASSOCIATION OF REALTORS® 4 May 2013
  6. 6. California Existing Single-Family Home Monthly Median Sales Price and Monthly Sales Activity 1979 - 2012 1979 1980 1981 1982 Month Jan 1979 Feb 1979 Mar 1979 Apr 1979 May 1979 Jun 1979 Jul 1979 Aug 1979 Sep 1979 Oct 1979 Nov 1979 Dec 1979 Jan 1980 Feb 1980 Mar 1980 Apr 1980 May 1980 Jun 1980 Jul 1980 Aug 1980 Sep 1980 Oct 1980 Nov 1980 Dec 1980 Jan 1981 Feb 1981 Mar 1981 Apr 1981 May 1981 Jun 1981 Jul 1981 Aug 1981 Sep 1981 Oct 1981 Nov 1981 Dec 1981 Jan 1982 Feb 1982 Mar 1982 Apr 1982 May 1982 Jun 1982 Jul 1982 Aug 1982 Sep 1982 Oct 1982 Nov 1982 Dec 1982 Median Price $73,490 $75,520 $77,180 $79,460 $81,050 $82,090 $85,000 $85,310 $86,700 $86,510 $87,890 $88,310 $93,630 $97,480 $97,300 $96,390 $98,990 $99,810 $101,320 $99,220 $97,660 $99,040 $97,590 $97,750 $100,970 $106,560 $104,410 $106,140 $107,910 $105,840 $109,510 $108,440 $108,580 $105,740 $104,040 $102,790 $105,220 $108,990 $109,390 $109,220 $110,240 $112,160 $112,430 $110,630 $110,450 $109,480 $112,540 $107,270 CALIFORNIA ASSOCIATION OF REALTORS® Month % Change NA 2.8% 2.2% 3.0% 2.0% 1.3% 3.5% 0.4% 1.6% -0.2% 1.6% 0.5% 6.0% 4.1% -0.2% -0.9% 2.7% 0.8% 1.5% -2.1% -1.6% 1.4% -1.5% 0.2% 3.3% 5.5% -2.0% 1.7% 1.7% -1.9% 3.5% -1.0% 0.1% -2.6% -1.6% -1.2% 2.4% 3.6% 0.4% -0.2% 0.9% 1.7% 0.2% -1.6% -0.2% -0.9% 2.8% -4.7% Year % Change NA NA NA NA NA NA NA NA NA NA NA NA 27.4% 29.1% 26.1% 21.3% 22.1% 21.6% 19.2% 16.3% 12.6% 14.5% 11.0% 10.7% 7.8% 9.3% 7.3% 10.1% 9.0% 6.0% 8.1% 9.3% 11.2% 6.8% 6.6% 5.2% 4.2% 2.3% 4.8% 2.9% 2.2% 6.0% 2.7% 2.0% 1.7% 3.5% 8.2% 4.4% 5 Sales* 494,180 524,100 519,950 495,630 446,590 458,230 489,220 484,200 497,670 500,280 421,260 398,990 407,820 448,930 374,480 281,920 276,980 336,990 377,530 401,300 433,400 421,230 398,270 373,120 318,670 332,360 324,380 304,220 286,660 285,060 258,540 247,770 238,870 221,840 223,400 213,180 172,820 203,730 220,200 182,690 180,710 173,470 173,120 172,360 176,570 188,370 220,030 208,050 Month % Change NA 6.1% -0.8% -4.7% -9.9% 2.6% 6.8% -1.0% 2.8% 0.5% -15.8% -5.3% 2.2% 10.1% -16.6% -24.7% -1.8% 21.7% 12.0% 6.3% 8.0% -2.8% -5.5% -6.3% -14.6% 4.3% -2.4% -6.2% -5.8% -0.6% -9.3% -4.2% -3.6% -7.1% 0.7% -4.6% -18.9% 17.9% 8.1% -17.0% -1.1% -4.0% -0.2% -0.4% 2.4% 6.7% 16.8% -5.4% Year % Change NA NA NA NA NA NA NA NA NA NA NA NA -17.5% -14.3% -28.0% -43.1% -38.0% -26.5% -22.8% -17.1% -12.9% -15.8% -5.5% -6.5% -21.9% -26.0% -13.4% 7.9% 3.5% -15.4% -31.5% -38.3% -44.9% -47.3% -43.9% -42.9% -45.8% -38.7% -32.1% -39.9% -37.0% -39.1% -33.0% -30.4% -26.1% -15.1% -1.5% -2.4% May 2013
  7. 7. California Existing Single-Family Home Monthly Median Sales Price and Monthly Sales Activity 1979 - 2012 1983 1984 1985 1986 Month Jan 1983 Feb 1983 Mar 1983 Apr 1983 May 1983 Jun 1983 Jul 1983 Aug 1983 Sep 1983 Oct 1983 Nov 1983 Dec 1983 Jan 1984 Feb 1984 Mar 1984 Apr 1984 May 1984 Jun 1984 Jul 1984 Aug 1984 Sep 1984 Oct 1984 Nov 1984 Dec 1984 Jan 1985 Feb 1985 Mar 1985 Apr 1985 May 1985 Jun 1985 Jul 1985 Aug 1985 Sep 1985 Oct 1985 Nov 1985 Dec 1985 Jan 1986 Feb 1986 Mar 1986 Apr 1986 May 1986 Jun 1986 Jul 1986 Aug 1986 Sep 1986 Oct 1986 Nov 1986 Dec 1986 Median Price $109,190 $112,070 $112,170 $112,730 $113,900 $114,830 $114,000 $114,760 $112,590 $109,830 $112,080 $110,460 $113,090 $111,770 $113,070 $115,780 $110,590 $113,850 $113,470 $112,790 $112,390 $111,400 $110,400 $110,310 $110,990 $112,090 $113,960 $114,650 $115,010 $115,000 $119,360 $120,650 $123,840 $122,460 $120,230 $123,910 $119,660 $123,110 $129,850 $130,650 $132,810 $135,860 $137,120 $133,740 $131,210 $126,260 $128,100 $130,470 CALIFORNIA ASSOCIATION OF REALTORS® Month % Change 1.8% 2.6% 0.1% 0.5% 1.0% 0.8% -0.7% 0.7% -1.9% -2.5% 2.0% -1.4% 2.4% -1.2% 1.2% 2.4% -4.5% 2.9% -0.3% -0.6% -0.4% -0.9% -0.9% -0.1% 0.6% 1.0% 1.7% 0.6% 0.3% 0.0% 3.8% 1.1% 2.6% -1.1% -1.8% 3.1% -3.4% 2.9% 5.5% 0.6% 1.7% 2.3% 0.9% -2.5% -1.9% -3.8% 1.5% 1.9% Year % Change 3.8% 2.8% 2.5% 3.2% 3.3% 2.4% 1.4% 3.7% 1.9% 0.3% -0.4% 3.0% 3.6% -0.3% 0.8% 2.7% -2.9% -0.9% -0.5% -1.7% -0.2% 1.4% -1.5% -0.1% -1.9% 0.3% 0.8% -1.0% 4.0% 1.0% 5.2% 7.0% 10.2% 9.9% 8.9% 12.3% 7.8% 9.8% 13.9% 14.0% 15.5% 18.1% 14.9% 10.8% 6.0% 3.1% 6.5% 5.3% 6 Sales* 228,770 216,650 269,280 258,940 267,400 281,410 303,260 313,190 303,050 293,830 302,550 297,760 328,530 318,280 321,120 331,110 322,580 326,670 302,910 294,220 266,920 294,560 289,850 311,490 307,270 319,430 319,530 315,020 313,050 321,480 328,970 350,170 339,400 356,440 327,210 341,330 341,740 347,990 338,850 357,160 357,680 369,210 388,740 397,910 423,080 423,950 449,180 532,290 Month % Change 10.0% -5.3% 24.3% -3.8% 3.3% 5.2% 7.8% 3.3% -3.2% -3.0% 3.0% -1.6% 10.3% -3.1% 0.9% 3.1% -2.6% 1.3% -7.3% -2.9% -9.3% 10.4% -1.6% 7.5% -1.4% 4.0% 0.0% -1.4% -0.6% 2.7% 2.3% 6.4% -3.1% 5.0% -8.2% 4.3% 0.1% 1.8% -2.6% 5.4% 0.1% 3.2% 5.3% 2.4% 6.3% 0.2% 6.0% 18.5% Year % Change 32.4% 6.3% 22.3% 41.7% 48.0% 62.2% 75.2% 81.7% 71.6% 56.0% 37.5% 43.1% 43.6% 46.9% 19.2% 27.9% 20.6% 16.1% -0.1% -6.1% -11.9% 0.3% -4.2% 4.6% -6.5% 0.4% -0.5% -4.9% -3.0% -1.6% 8.6% 19.0% 27.2% 21.0% 12.9% 9.6% 11.2% 8.9% 6.0% 13.4% 14.3% 14.8% 18.2% 13.6% 24.7% 18.9% 37.3% 55.9% May 2013
  8. 8. California Existing Single-Family Home Monthly Median Sales Price and Monthly Sales Activity 1979 - 2012 1987 1988 1989 1990 Month Jan 1987 Feb 1987 Mar 1987 Apr 1987 May 1987 Jun 1987 Jul 1987 Aug 1987 Sep 1987 Oct 1987 Nov 1987 Dec 1987 Jan 1988 Feb 1988 Mar 1988 Apr 1988 May 1988 Jun 1988 Jul 1988 Aug 1988 Sep 1988 Oct 1988 Nov 1988 Dec 1988 Jan 1989 Feb 1989 Mar 1989 Apr 1989 May 1989 Jun 1989 Jul 1989 Aug 1989 Sep 1989 Oct 1989 Nov 1989 Dec 1989 Jan 1990 Feb 1990 Mar 1990 Apr 1990 May 1990 Jun 1990 Jul 1990 Aug 1990 Sep 1990 Oct 1990 Nov 1990 Dec 1990 Median Price $124,580 $129,380 $134,950 $137,920 $141,140 $140,620 $142,220 $145,260 $147,370 $143,840 $142,310 $145,220 $150,010 $149,850 $154,130 $159,540 $163,580 $170,180 $174,390 $174,750 $177,110 $178,500 $181,330 $177,280 $182,860 $190,200 $193,370 $201,030 $201,020 $199,440 $201,650 $199,390 $198,740 $193,730 $193,580 $188,480 $194,950 $196,270 $194,860 $196,110 $195,280 $194,410 $193,090 $192,180 $189,980 $187,630 $192,020 $190,380 CALIFORNIA ASSOCIATION OF REALTORS® Month % Change -4.5% 3.9% 4.3% 2.2% 2.3% -0.4% 1.1% 2.1% 1.5% -2.4% -1.1% 2.0% 3.3% -0.1% 2.9% 3.5% 2.5% 4.0% 2.5% 0.2% 1.4% 0.8% 1.6% -2.2% 3.1% 4.0% 1.7% 4.0% 0.0% -0.8% 1.1% -1.1% -0.3% -2.5% -0.1% -2.6% 3.4% 0.7% -0.7% 0.6% -0.4% -0.4% -0.7% -0.5% -1.1% -1.2% 2.3% -0.9% Year % Change 4.1% 5.1% 3.9% 5.6% 6.3% 3.5% 3.7% 8.6% 12.3% 13.9% 11.1% 11.3% 20.4% 15.8% 14.2% 15.7% 15.9% 21.0% 22.6% 20.3% 20.2% 24.1% 27.4% 22.1% 21.9% 26.9% 25.5% 26.0% 22.9% 17.2% 15.6% 14.1% 12.2% 8.5% 6.8% 6.3% 6.6% 3.2% 0.8% -2.4% -2.9% -2.5% -4.2% -3.6% -4.4% -3.1% -0.8% 1.0% 7 Sales* 400,220 389,140 390,780 430,900 436,140 446,100 429,100 400,160 399,480 412,850 406,440 421,220 400,100 385,880 413,070 430,130 472,430 454,620 472,750 485,230 490,190 478,770 480,910 493,700 504,290 472,730 485,650 425,050 411,380 396,410 401,650 414,970 436,920 426,080 441,180 409,940 382,060 375,300 333,880 315,810 304,300 313,000 318,860 317,560 314,450 303,950 285,620 263,980 Month % Change -24.8% -2.8% 0.4% 10.3% 1.2% 2.3% -3.8% -6.7% -0.2% 3.3% -1.6% 3.6% -5.0% -3.6% 7.0% 4.1% 9.8% -3.8% 4.0% 2.6% 1.0% -2.3% 0.4% 2.7% 2.1% -6.3% 2.7% -12.5% -3.2% -3.6% 1.3% 3.3% 5.3% -2.5% 3.5% -7.1% -6.8% -1.8% -11.0% -5.4% -3.6% 2.9% 1.9% -0.4% -1.0% -3.3% -6.0% -7.6% Year % Change 17.1% 11.8% 15.3% 20.6% 21.9% 20.8% 10.4% 0.6% -5.6% -2.6% -9.5% -20.9% 0.0% -0.8% 5.7% -0.2% 8.3% 1.9% 10.2% 21.3% 22.7% 16.0% 18.3% 17.2% 26.0% 22.5% 17.6% -1.2% -12.9% -12.8% -15.0% -14.5% -10.9% -11.0% -8.3% -17.0% -16.4% -6.4% -21.4% -11.6% -11.6% -8.7% -11.0% -12.8% -22.4% -20.3% -27.2% -25.2% May 2013
  9. 9. California Existing Single-Family Home Monthly Median Sales Price and Monthly Sales Activity 1979 - 2012 1991 1992 1993 1994 Month Jan 1991 Feb 1991 Mar 1991 Apr 1991 May 1991 Jun 1991 Jul 1991 Aug 1991 Sep 1991 Oct 1991 Nov 1991 Dec 1991 Jan 1992 Feb 1992 Mar 1992 Apr 1992 May 1992 Jun 1992 Jul 1992 Aug 1992 Sep 1992 Oct 1992 Nov 1992 Dec 1992 Jan 1993 Feb 1993 Mar 1993 Apr 1993 May 1993 Jun 1993 Jul 1993 Aug 1993 Sep 1993 Oct 1993 Nov 1993 Dec 1993 Jan 1994 Feb 1994 Mar 1994 Apr 1994 May 1994 Jun 1994 Jul 1994 Aug 1994 Sep 1994 Oct 1994 Nov 1994 Dec 1994 Median Price $192,050 $194,810 $202,670 $207,720 $211,000 $206,720 $206,070 $200,340 $197,800 $196,020 $194,190 $199,450 $196,410 $198,220 $200,500 $198,700 $203,420 $199,460 $199,150 $194,670 $195,840 $194,000 $189,670 $193,330 $191,670 $187,440 $189,130 $192,600 $188,850 $188,650 $190,540 $189,010 $186,740 $185,920 $184,700 $184,980 $183,050 $182,260 $185,470 $186,970 $185,500 $189,680 $188,080 $185,790 $185,160 $181,860 $180,910 $177,420 CALIFORNIA ASSOCIATION OF REALTORS® Month % Change 0.9% 1.4% 4.0% 2.5% 1.6% -2.0% -0.3% -2.8% -1.3% -0.9% -0.9% 2.7% -1.5% 0.9% 1.2% -0.9% 2.4% -1.9% -0.2% -2.2% 0.6% -0.9% -2.2% 1.9% -0.9% -2.2% 0.9% 1.8% -1.9% -0.1% 1.0% -0.8% -1.2% -0.4% -0.7% 0.2% -1.0% -0.4% 1.8% 0.8% -0.8% 2.3% -0.8% -1.2% -0.3% -1.8% -0.5% -1.9% Year % Change -1.5% -0.7% 4.0% 5.9% 8.0% 6.3% 6.7% 4.2% 4.1% 4.5% 1.1% 4.8% 2.3% 1.8% -1.1% -4.3% -3.6% -3.5% -3.4% -2.8% -1.0% -1.0% -2.3% -3.1% -2.4% -5.4% -5.7% -3.1% -7.2% -5.4% -4.3% -2.9% -4.6% -4.2% -2.6% -4.3% -4.5% -2.8% -1.9% -2.9% -1.8% 0.5% -1.3% -1.7% -0.8% -2.2% -2.1% -4.1% 8 Sales* 271,130 280,820 289,570 319,430 334,770 340,040 320,480 304,750 296,460 286,660 284,430 271,730 298,550 333,100 319,530 314,170 310,700 288,910 285,590 277,350 288,180 302,370 321,120 318,100 305,080 293,940 283,300 272,710 288,330 292,800 316,950 320,550 334,630 327,820 339,230 357,620 395,550 368,300 373,980 376,380 364,170 359,510 339,900 335,270 326,180 333,510 322,900 308,670 Month % Change 2.7% 3.6% 3.1% 10.3% 4.8% 1.6% -5.8% -4.9% -2.7% -3.3% -0.8% -4.5% 9.9% 11.6% -4.1% -1.7% -1.1% -7.0% -1.1% -2.9% 3.9% 4.9% 6.2% -0.9% -4.1% -3.7% -3.6% -3.7% 5.7% 1.6% 8.2% 1.1% 4.4% -2.0% 3.5% 5.4% 10.6% -6.9% 1.5% 0.6% -3.2% -1.3% -5.5% -1.4% -2.7% 2.2% -3.2% -4.4% Year % Change -28.8% -26.9% -10.7% -2.9% 9.3% 6.9% 2.5% -5.6% -2.8% -5.8% 0.3% 4.0% 11.9% 10.9% 5.7% -1.3% -10.2% -16.1% -11.5% -8.0% -1.8% 5.9% 9.3% 14.5% 4.9% -8.6% -13.2% -13.8% -8.7% 2.1% 9.3% 14.6% 15.7% 8.7% 7.5% 10.9% 19.4% 23.3% 31.4% 32.7% 23.8% 22.3% 6.9% 2.7% -2.2% 0.5% -4.6% -11.6% May 2013
  10. 10. California Existing Single-Family Home Monthly Median Sales Price and Monthly Sales Activity 1979 - 2012 1995 1996 1997 1998 Month Jan 1995 Feb 1995 Mar 1995 Apr 1995 May 1995 Jun 1995 Jul 1995 Aug 1995 Sep 1995 Oct 1995 Nov 1995 Dec 1995 Jan 1996 Feb 1996 Mar 1996 Apr 1996 May 1996 Jun 1996 Jul 1996 Aug 1996 Sep 1996 Oct 1996 Nov 1996 Dec 1996 Jan 1997 Feb 1997 Mar 1997 Apr 1997 May 1997 Jun 1997 Jul 1997 Aug 1997 Sep 1997 Oct 1997 Nov 1997 Dec 1997 Jan 1998 Feb 1998 Mar 1998 Apr 1998 May 1998 Jun 1998 Jul 1998 Aug 1998 Sep 1998 Oct 1998 Nov 1998 Dec 1998 Median Price $177,200 $172,970 $175,270 $176,770 $176,450 $180,650 $180,250 $182,470 $180,530 $175,860 $176,200 $175,370 $174,860 $170,860 $175,980 $178,540 $179,100 $181,190 $182,420 $180,820 $179,740 $174,450 $175,500 $171,940 $175,620 $167,790 $177,740 $181,220 $185,010 $188,800 $190,620 $191,860 $191,600 $189,280 $190,760 $186,560 $188,090 $183,900 $193,910 $198,250 $202,960 $209,000 $210,830 $207,780 $202,140 $194,960 $197,060 $198,120 CALIFORNIA ASSOCIATION OF REALTORS® Month % Change -0.1% -2.4% 1.3% 0.9% -0.2% 2.4% -0.2% 1.2% -1.1% -2.6% 0.2% -0.5% -0.3% -2.3% 3.0% 1.5% 0.3% 1.2% 0.7% -0.9% -0.6% -2.9% 0.6% -2.0% 2.1% -4.5% 5.9% 2.0% 2.1% 2.0% 1.0% 0.7% -0.1% -1.2% 0.8% -2.2% 0.8% -2.2% 5.4% 2.2% 2.4% 3.0% 0.9% -1.4% -2.7% -3.6% 1.1% 0.5% Year % Change -3.2% -5.1% -5.5% -5.5% -4.9% -4.8% -4.2% -1.8% -2.5% -3.3% -2.6% -1.2% -1.3% -1.2% 0.4% 1.0% 1.5% 0.3% 1.2% -0.9% -0.4% -0.8% -0.4% -2.0% 0.4% -1.8% 1.0% 1.5% 3.3% 4.2% 4.5% 6.1% 6.6% 8.5% 8.7% 8.5% 7.1% 9.6% 9.1% 9.4% 9.7% 10.7% 10.6% 8.3% 5.5% 3.0% 3.3% 6.2% 9 Sales* 311,720 295,190 283,900 275,010 283,520 304,720 304,910 319,720 322,260 329,950 325,010 333,430 331,660 325,420 346,130 362,680 350,280 351,990 342,720 341,330 350,770 340,610 341,980 352,350 355,010 362,080 367,330 362,000 364,320 366,570 378,370 392,460 393,280 405,720 394,370 407,380 401,100 409,800 418,100 420,700 445,890 444,210 445,490 441,300 421,020 424,440 447,280 472,520 Month % Change 1.0% -5.3% -3.8% -3.1% 3.1% 7.5% 0.1% 4.9% 0.8% 2.4% -1.5% 2.6% -0.5% -1.9% 6.4% 4.8% -3.4% 0.5% -2.6% -0.4% 2.8% -2.9% 0.4% 3.0% 0.8% 2.0% 1.4% -1.5% 0.6% 0.6% 3.2% 3.7% 0.2% 3.2% -2.8% 3.3% -1.5% 2.2% 2.0% 0.6% 6.0% -0.4% 0.3% -0.9% -4.6% 0.8% 5.4% 5.6% Year % Change -20.8% -19.9% -23.1% -26.7% -23.0% -17.0% -9.6% -3.5% -1.3% 0.3% 4.5% 5.6% 17.1% 22.9% 31.3% 40.3% 34.4% 21.4% 15.7% 14.4% 12.5% 8.5% 7.4% 6.8% 7.0% 10.6% 3.4% -0.2% 2.7% 4.6% 11.6% 14.5% 12.8% 21.8% 14.3% 16.1% 12.7% 12.0% 13.7% 17.2% 19.3% 18.9% 19.4% 10.1% 9.8% 2.6% 13.0% 11.9% May 2013
  11. 11. California Existing Single-Family Home Monthly Median Sales Price and Monthly Sales Activity 1979 - 2012 1999 2000 2001 2002 Month Jan 1999 Feb 1999 Mar 1999 Apr 1999 May 1999 Jun 1999 Jul 1999 Aug 1999 Sep 1999 Oct 1999 Nov 1999 Dec 1999 Jan 2000 Feb 2000 Mar 2000 Apr 2000 May 2000 Jun 2000 Jul 2000 Aug 2000 Sep 2000 Oct 2000 Nov 2000 Dec 2000 Jan 2001 Feb 2001 Mar 2001 Apr 2001 May 2001 Jun 2001 Jul 2001 Aug 2001 Sep 2001 Oct 2001 Nov 2001 Dec 2001 Jan 2002 Feb 2002 Mar 2002 Apr 2002 May 2002 Jun 2002 Jul 2002 Aug 2002 Sep 2002 Oct 2002 Nov 2002 Dec 2002 Median Price $202,200 $197,870 $212,330 $216,490 $220,410 $224,680 $220,530 $224,200 $218,710 $215,820 $218,540 $225,260 $226,870 $227,160 $233,140 $237,060 $240,470 $243,100 $242,100 $254,690 $246,530 $251,220 $250,660 $248,350 $244,110 $241,690 $257,550 $255,310 $255,860 $267,410 $267,520 $282,420 $275,620 $263,020 $270,210 $281,330 $287,080 $294,860 $305,840 $317,120 $319,590 $324,640 $321,900 $334,270 $322,450 $324,670 $328,440 $338,840 CALIFORNIA ASSOCIATION OF REALTORS® Month % Change 2.1% -2.1% 7.3% 2.0% 1.8% 1.9% -1.8% 1.7% -2.4% -1.3% 1.3% 3.1% 0.7% 0.1% 2.6% 1.7% 1.4% 1.1% -0.4% 5.2% -3.2% 1.9% -0.2% -0.9% -1.7% -1.0% 6.6% -0.9% 0.2% 4.5% 0.0% 5.6% -2.4% -4.6% 2.7% 4.1% 2.0% 2.7% 3.7% 3.7% 0.8% 1.6% -0.8% 3.8% -3.5% 0.7% 1.2% 3.2% 10 Year % Change 7.5% 7.6% 9.5% 9.2% 8.6% 7.5% 4.6% 7.9% 8.2% 10.7% 10.9% 13.7% 12.2% 14.8% 9.8% 9.5% 9.1% 8.2% 9.8% 13.6% 12.7% 16.4% 14.7% 10.3% 7.6% 6.4% 10.5% 7.7% 6.4% 10.0% 10.5% 10.9% 11.8% 4.7% 7.8% 13.3% 17.6% 22.0% 18.7% 24.2% 24.9% 21.4% 20.3% 18.4% 17.0% 23.4% 21.5% 20.4% Sales* 450,000 450,780 458,470 452,080 460,030 466,810 486,590 464,690 484,760 474,540 466,160 453,700 420,200 485,630 518,320 435,370 474,470 456,660 452,470 473,020 491,630 493,600 488,640 458,790 450,590 437,770 440,760 436,030 434,560 462,670 467,270 475,560 446,890 440,220 420,580 469,780 533,540 554,440 524,760 533,670 522,880 506,870 483,730 485,390 475,660 495,820 494,790 529,350 Month % Change -4.8% 0.2% 1.7% -1.4% 1.8% 1.5% 4.2% -4.5% 4.3% -2.1% -1.8% -2.7% -7.4% 15.6% 6.7% -16.0% 9.0% -3.8% -0.9% 4.5% 3.9% 0.4% -1.0% -6.1% -1.8% -2.8% 0.7% -1.1% -0.3% 6.5% 1.0% 1.8% -6.0% -1.5% -4.5% 11.7% 13.6% 3.9% -5.4% 1.7% -2.0% -3.1% -4.6% 0.3% -2.0% 4.2% -0.2% 7.0% Year % Change 11.9% 5.8% 8.0% 7.5% 5.7% 10.2% 5.6% 3.6% 13.2% 8.4% 1.4% -3.4% -9.5% 7.5% 6.8% -7.5% 7.2% 0.4% -14.9% 4.7% -0.6% 0.3% 6.2% -5.4% 5.5% -13.3% -7.8% 0.5% -12.9% -6.4% 6.1% 2.3% -16.1% -9.7% -12.4% -1.0% 18.4% 26.7% 19.1% 22.4% 20.3% 9.6% 3.5% 2.1% 6.4% 12.6% 17.6% 12.7% May 2013
  12. 12. California Existing Single-Family Home Monthly Median Sales Price and Monthly Sales Activity 1979 - 2012 2003 2004 2005 2006 Month Jan 2003 Feb 2003 Mar 2003 Apr 2003 May 2003 Jun 2003 Jul 2003 Aug 2003 Sep 2003 Oct 2003 Nov 2003 Dec 2003 Jan 2004 Feb 2004 Mar 2004 Apr 2004 May 2004 Jun 2004 Jul 2004 Aug 2004 Sep 2004 Oct 2004 Nov 2004 Dec 2004 Jan 2005 Feb 2005 Mar 2005 Apr 2005 May 2005 Jun 2005 Jul 2005 Aug 2005 Sep 2005 Oct 2005 Nov 2005 Dec 2005 Jan 2006 Feb 2006 Mar 2006 Apr 2006 May 2006 Jun 2006 Jul 2006 Aug 2006 Sep 2006 Oct 2006 Nov 2006 Dec 2006 Median Price $336,210 $326,640 $351,130 $364,040 $367,630 $374,530 $381,940 $406,140 $384,690 $379,120 $384,470 $401,720 $404,460 $391,550 $428,060 $452,680 $463,320 $468,050 $461,760 $473,520 $463,630 $459,530 $471,980 $474,270 $484,580 $470,920 $496,890 $510,400 $522,530 $542,330 $539,840 $567,320 $543,510 $537,930 $547,870 $547,400 $549,460 $534,400 $562,130 $562,820 $563,860 $575,850 $567,860 $577,300 $557,150 $552,020 $554,500 $569,350 CALIFORNIA ASSOCIATION OF REALTORS® Month % Change -0.8% -2.8% 7.5% 3.7% 1.0% 1.9% 2.0% 6.3% -5.3% -1.4% 1.4% 4.5% 0.7% -3.2% 9.3% 5.8% 2.4% 1.0% -1.3% 2.5% -2.1% -0.9% 2.7% 0.5% 2.2% -2.8% 5.5% 2.7% 2.4% 3.8% -0.5% 5.1% -4.2% -1.0% 1.8% -0.1% 0.4% -2.7% 5.2% 0.1% 0.2% 2.1% -1.4% 1.7% -3.5% -0.9% 0.4% 2.7% 11 Year % Change 17.1% 10.8% 14.8% 14.8% 15.0% 15.4% 18.7% 21.5% 19.3% 16.8% 17.1% 18.6% 20.3% 19.9% 21.9% 24.3% 26.0% 25.0% 20.9% 16.6% 20.5% 21.2% 22.8% 18.1% 19.8% 20.3% 16.1% 12.8% 12.8% 15.9% 16.9% 19.8% 17.2% 17.1% 16.1% 15.4% 13.4% 13.5% 13.1% 10.3% 7.9% 6.2% 5.2% 1.8% 2.5% 2.6% 1.2% 4.0% Sales* 531,530 532,060 520,780 510,530 524,170 521,580 556,370 588,230 589,270 573,990 577,910 580,190 554,020 558,090 561,640 564,340 576,030 573,040 571,580 562,100 575,380 590,840 591,450 578,830 625,570 566,250 580,290 594,740 586,800 591,220 588,240 593,560 584,360 570,090 537,210 496,590 483,480 470,350 482,810 473,700 446,700 433,520 416,620 414,400 412,140 414,390 411,720 407,840 Month % Change 0.4% 0.1% -2.1% -2.0% 2.7% -0.5% 6.7% 5.7% 0.2% -2.6% 0.7% 0.4% -4.5% 0.7% 0.6% 0.5% 2.1% -0.5% -0.3% -1.7% 2.4% 2.7% 0.1% -2.1% 8.1% -9.5% 2.5% 2.5% -1.3% 0.8% -0.5% 0.9% -1.5% -2.4% -5.8% -7.6% -2.6% -2.7% 2.6% -1.9% -5.7% -3.0% -3.9% -0.5% -0.5% 0.5% -0.6% -0.9% Year % Change -0.4% -4.0% -0.8% -4.3% 0.2% 2.9% 15.0% 21.2% 23.9% 15.8% 16.8% 9.6% 4.2% 4.9% 7.8% 10.5% 9.9% 9.9% 2.7% -4.4% -2.4% 2.9% 2.3% -0.2% 12.9% 1.5% 3.3% 5.4% 1.9% 3.2% 2.9% 5.6% 1.6% -3.5% -9.2% -14.2% -22.7% -16.9% -16.8% -20.4% -23.9% -26.7% -29.2% -30.2% -29.5% -27.3% -23.4% -17.9% May 2013
  13. 13. California Existing Single-Family Home Monthly Median Sales Price and Monthly Sales Activity 1979 - 2012 2007 2008 2009 2010 Month Jan 2007 Feb 2007 Mar 2007 Apr 2007 May 2007 Jun 2007 Jul 2007 Aug 2007 Sep 2007 Oct 2007 Nov 2007 Dec 2007 Jan 2008 Feb 2008 Mar 2008 Apr 2008 May 2008 Jun 2008 Jul 2008 Aug 2008 Sep 2008 Oct 2008 Nov 2008 Dec 2008 Jan 2009 Feb 2009 Mar 2009 Apr 2009 May 2009 Jun 2009 Jul 2009 Aug 2009 Sep 2009 Oct 2009 Nov 2009 Dec 2009 Jan 2010 Feb 2010 Mar 2010 Apr 2010 May 2010 Jun 2010 Jul 2010 Aug 2010 Sep 2010 Oct 2010 Nov 2010 Dec 2010 Median Price $551,220 $554,280 $582,930 $594,110 $594,530 $591,280 $587,560 $588,670 $535,760 $501,730 $490,511 $480,820 $427,200 $418,260 $414,520 $404,590 $386,620 $373,100 $355,000 $352,730 $319,310 $307,210 $287,880 $283,060 $249,960 $245,230 $249,790 $253,110 $263,440 $274,640 $285,310 $293,400 $296,610 $297,500 $304,550 $306,860 $284,600 $278,190 $300,900 $307,000 $327,460 $313,890 $318,550 $320,860 $309,720 $305,150 $296,480 $304,770 CALIFORNIA ASSOCIATION OF REALTORS® Month % Change -3.2% 0.6% 5.2% 1.9% 0.1% -0.5% -0.6% 0.2% -9.0% -6.4% -2.2% -2.0% -11.2% -2.1% -0.9% -2.4% -4.4% -3.5% -4.9% -0.6% -9.5% -3.8% -6.3% -1.7% -11.7% -1.9% 1.9% 1.3% 4.1% 4.3% 3.9% 2.8% 1.1% 0.3% 2.4% 0.8% -7.3% -2.3% 8.2% 2.0% 6.7% -4.1% 1.5% 0.7% -3.5% -1.5% -2.8% 2.8% 12 Year % Change 0.3% 3.7% 3.7% 5.6% 5.4% 2.7% 3.5% 2.0% -3.8% -9.1% -11.5% -15.5% -22.5% -24.5% -28.9% -31.9% -35.0% -36.9% -39.6% -40.1% -40.4% -38.8% -41.3% -41.1% -41.5% -41.4% -39.7% -37.4% -31.9% -26.4% -19.6% -16.8% -7.1% -3.2% 5.8% 8.4% 13.9% 13.4% 20.5% 21.3% 24.3% 14.3% 11.7% 9.4% 4.4% 2.6% -2.6% -0.7% Sales* 365,770 371,550 350,630 315,870 302,580 299,030 289,460 270,000 227,390 223,750 241,240 251,830 258,780 267,780 287,120 328,620 360,230 378,000 404,910 425,350 463,910 478,500 453,880 469,940 504,630 498,580 466,430 468,920 463,420 457,090 472,420 468,580 464,300 489,400 479,500 465,080 440,500 434,440 433,380 414,820 475,610 423,380 381,560 389,700 396,680 387,710 405,370 415,100 Month % Change -10.3% 1.6% -5.6% -9.9% -4.2% -1.2% -3.2% -6.7% -15.8% -1.6% 7.8% 4.4% 2.8% 3.5% 7.2% 14.5% 9.6% 4.9% 7.1% 5.0% 9.1% 3.1% -5.1% 3.5% 7.4% -1.2% -6.4% 0.5% -1.2% -1.4% 3.4% -0.8% -0.9% 5.4% -2.0% -3.0% -5.3% -1.4% -0.2% -4.3% 14.7% -11.0% -9.9% 2.1% 1.8% -2.3% 4.6% 2.4% Year % Change -24.3% -21.0% -27.4% -33.3% -32.3% -31.0% -30.5% -34.8% -44.8% -46.0% -41.4% -38.3% -29.3% -27.9% -18.1% 4.0% 19.1% 26.4% 39.9% 57.5% 104.0% 113.9% 88.1% 86.6% 95.0% 86.2% 62.5% 42.7% 28.6% 20.9% 16.7% 10.2% 0.1% 2.3% 5.6% -1.0% -12.7% -12.9% -7.1% -11.5% 2.6% -7.4% -19.2% -16.8% -14.6% -20.8% -15.5% -10.7% May 2013
  14. 14. California Existing Single-Family Home Monthly Median Sales Price and Monthly Sales Activity 1979 - 2012 2011 2012 Month Jan 2011 Feb 2011 Mar 2011 Apr 2011 May 2011 Jun 2011 Jul 2011 Aug 2011 Sep 2011 Oct 2011 Nov 2011 Dec 2011 Jan 2012 Feb 2012 Mar 2012 Apr 2012 May 2012 Jun 2012 Jul 2012 Aug 2012 Sep 2012 Oct 2012 Nov 2012 Dec 2012 Median Price $279,220 $271,370 $286,550 $294,140 $292,850 $296,410 $296,160 $297,660 $288,700 $277,450 $279,910 $288,950 $271,490 $268,810 $291,330 $309,050 $316,410 $320,540 $333,860 $343,820 $345,000 $341,370 $349,300 $366,930 Month % Change -8.4% -2.8% 5.6% 2.6% -0.4% 1.2% -0.1% 0.5% -3.0% -3.9% 0.9% 3.2% -6.0% -1.0% 8.4% 6.1% 2.4% 1.3% 4.2% 3.0% 0.3% -1.1% 2.3% 5.0% Year % Change -1.9% -2.5% -4.8% -4.2% -10.6% -5.6% -7.0% -7.2% -6.8% -9.1% -5.6% -5.2% -2.8% -0.9% 1.7% 5.1% 8.0% 8.1% 12.7% 15.5% 19.5% 23.0% 24.8% 27.0% Sales* 462,170 415,520 425,200 421,090 401,380 409,830 412,120 427,180 420,880 424,050 423,080 428,110 437,330 442,660 443,520 445,180 447,250 431,360 437,110 442,770 423,040 450,340 439,030 443,160 Month % Change 11.3% -10.1% 2.3% -1.0% -4.7% 2.1% 0.6% 3.7% -1.5% 0.8% -0.2% 1.2% 2.2% 1.2% 0.2% 0.4% 0.5% -3.6% 1.3% 1.3% -4.5% 6.5% -2.5% 0.9% Year % Change 4.9% -4.4% -1.9% 1.5% -15.6% -3.2% 8.0% 9.6% 6.1% 9.4% 4.4% 3.1% -5.4% 6.5% 4.3% 5.7% 11.4% 5.3% 6.1% 3.6% 0.5% 6.2% 3.8% 3.5% Monthly sales and median prices for California regions and counties are reported in C.A.R.'s County Economic Profiles. For information on subscribing, call the CEP Coordinator at 213-7398278, or go to www.clarusresource.com/datamine. CALIFORNIA ASSOCIATION OF REALTORS® 13 May 2013
  15. 15. California Existing Condominium Annual Median Price and % Change in Sales 1980 - 2012 Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 CALIFORNIA ASSOCIATION OF REALTORS® Median $93,540 $98,400 $101,060 $102,880 $99,790 $101,990 $108,320 $112,280 $122,750 $138,330 $143,530 $145,960 $146,740 $144,380 $145,000 $137,150 $132,740 $139,150 $162,160 $171,200 $190,660 $209,890 $249,270 $287,840 $360,910 $416,050 $428,990 $431,790 $315,220 $252,120 $253,230 $226,620 $247,980 Median Year-to-Year % Change NA 5.2% 2.7% 1.8% -3.0% 2.2% 6.2% 3.7% 9.3% 12.7% 3.8% 3.3% 0.5% -1.6% 0.4% -5.4% -3.2% 4.8% 16.5% 5.6% 11.4% 10.1% 18.8% 15.5% 25.4% 15.3% 3.1% 0.7% -27.0% -41.6% 2.8% -10.5% 9.4% 14 Sales Year-to-Year % Change NA NA NA 34.8% 11.7% 3.2% 28.0% 29.6% 36.6% 15.4% -12.1% -13.5% -9.3% -17.7% 18.3% -10.8% 29.1% 20.4% 20.5% 14.8% 1.9% -9.6% 20.0% 5.9% 4.7% -2.1% -25.9% -0.7% -28.2% -20.0% 0.9% -2.1% 7.5% May 2013
  16. 16. California Existing Condominium Monthly Median Sales Price and Monthly Sales Activity 1981 - 2012 1981 1982 1983 1984 Month Jan 1981 Feb 1981 Mar 1981 Apr 1981 May 1981 Jun 1981 Jul 1981 Aug 1981 Sep 1981 Oct 1981 Nov 1981 Dec 1981 Jan 1982 Feb 1982 Mar 1982 Apr 1982 May 1982 Jun 1982 Jul 1982 Aug 1982 Sep 1982 Oct 1982 Nov 1982 Dec 1982 Jan 1983 Feb 1983 Mar 1983 Apr 1983 May 1983 Jun 1983 Jul 1983 Aug 1983 Sep 1983 Oct 1983 Nov 1983 Dec 1983 Jan 1984 Feb 1984 Mar 1984 Apr 1984 May 1984 Jun 1984 Jul 1984 Aug 1984 Sep 1984 Oct 1984 Nov 1984 Dec 1984 CALIFORNIA ASSOCIATION OF REALTORS® Median Price N.A. N.A. N.A. N.A. N.A. N.A. $104,389 $95,467 $102,568 $107,122 $91,523 $106,284 $105,323 $111,600 $96,138 $121,074 $104,589 $101,755 $108,771 $99,381 $98,978 $114,085 $107,540 $110,854 $124,320 $127,179 $103,836 $119,165 $108,034 $122,414 $109,913 $105,957 $109,686 $107,002 $112,775 $101,544 $104,948 $111,281 $105,013 $107,185 $102,330 $115,424 $106,928 $116,455 $111,914 $112,287 $110,061 $116,225 MonthMonth % Change N.A. N.A. N.A. N.A. N.A. N.A. N.A. -8.5% 7.4% 4.4% -14.6% 16.1% -0.9% 6.0% -13.9% 25.9% -13.6% -2.7% 6.9% -8.6% -0.4% 15.3% -5.7% 3.1% 12.1% 2.3% -18.4% 14.8% -9.3% 13.3% -10.2% -3.6% 3.5% -2.4% 5.4% -10.0% 3.4% 6.0% -5.6% 2.1% -4.5% 12.8% -7.4% 8.9% -3.9% 0.3% -2.0% 5.6% 15 Year-toYear % Change N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. 4.2% 4.1% -3.5% 6.5% 17.5% 4.3% 18.0% 14.0% 8.0% -1.6% 3.3% 20.3% 1.0% 6.6% 10.8% -6.2% 4.9% -8.4% -15.6% -12.5% 1.1% -10.1% -5.3% -5.7% -2.7% 9.9% 2.0% 4.9% -2.4% 14.5% Sales MonthMonth % Change N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. -19.1% 58.3% 28.1% 2.2% -19.5% 7.1% -9.6% -13.2% 9.1% 3.3% -8.0% -13.6% 11.5% -0.1% 48.9% 13.5% 9.7% -3.9% 2.4% 17.0% 3.7% N.A. N.A. N.A. 3.4% N.A. 5.6% N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. -13.2% Sales Year-toYear % Change N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. -28.3% -20.0% -14.7% -3.3% 13.5% 1.6% 40.0% -11.7% 2.7% 5.3% 38.0% 13.1% 50.8% 100.0% 114.1% 44.2% 28.5% 97.2% 47.8% 86.9% 22.0% 8.6% 33.8% 15.7% -6.3% -8.0% -19.5% 19.3% 41.7% -6.9% May 2013
  17. 17. California Existing Condominium Monthly Median Sales Price and Monthly Sales Activity 1981 - 2012 1985 1986 1987 1988 Month Jan 1985 Feb 1985 Mar 1985 Apr 1985 May 1985 Jun 1985 Jul 1985 Aug 1985 Sep 1985 Oct 1985 Nov 1985 Dec 1985 Jan 1986 Feb 1986 Mar 1986 Apr 1986 May 1986 Jun 1986 Jul 1986 Aug 1986 Sep 1986 Oct 1986 Nov 1986 Dec 1986 Jan 1987 Feb 1987 Mar 1987 Apr 1987 May 1987 Jun 1987 Jul 1987 Aug 1987 Sep 1987 Oct 1987 Nov 1987 Dec 1987 Jan 1988 Feb 1988 Mar 1988 Apr 1988 May 1988 Jun 1988 Jul 1988 Aug 1988 Sep 1988 Oct 1988 Nov 1988 Dec 1988 CALIFORNIA ASSOCIATION OF REALTORS® Median Price $116,289 $108,499 $115,435 $109,182 $115,459 $115,184 $111,527 $115,434 $112,611 $111,216 $106,510 $110,816 $104,372 $110,000 $112,512 $110,967 $116,880 $126,515 $113,977 $118,228 $118,847 $111,216 $116,335 $119,784 $107,000 $111,081 $114,455 $111,280 $112,202 $109,734 $114,073 $114,705 $123,559 $114,339 $114,457 $113,128 $113,835 $118,880 $120,279 $114,908 $121,456 $122,903 $122,610 $127,432 $126,533 $129,869 $126,328 $126,281 MonthMonth % Change 0.1% -6.7% 6.4% -5.4% 5.7% -0.2% -3.2% 3.5% -2.4% -1.2% -4.2% 4.0% -5.8% 5.4% 2.3% -1.4% 5.3% 8.2% -9.9% 3.7% 0.5% -6.4% 4.6% 3.0% -10.7% 3.8% 3.0% -2.8% 0.8% -2.2% 4.0% 0.6% 7.7% -7.5% 0.1% -1.2% 0.6% 4.4% 1.2% -4.5% 5.7% 1.2% -0.2% 3.9% -0.7% 2.6% -2.7% 0.0% 16 Year-toYear % Change 10.8% -2.5% 9.9% 1.9% 12.8% -0.2% 4.3% -0.9% 0.6% -1.0% -3.2% -4.7% -10.2% 1.4% -2.5% 1.6% 1.2% 9.8% 2.2% 2.4% 5.5% 0.0% 9.2% 8.1% 2.5% 1.0% 1.7% 0.3% -4.0% -13.3% 0.1% -3.0% 4.0% 2.8% -1.6% -5.6% 6.4% 7.0% 5.1% 3.3% 8.2% 12.0% 7.5% 11.1% 2.4% 13.6% 10.4% 11.6% Sales MonthMonth % Change -28.6% N.A. 46.4% 16.2% 11.2% -14.4% 6.7% 3.5% -4.0% 29.2% -25.1% -1.9% -3.8% -3.5% 23.0% 4.1% 4.6% 12.2% 15.3% -4.2% -2.8% 9.5% -16.0% 15.2% -26.4% -19.6% 50.0% 12.8% 10.8% 21.6% -18.8% -4.2% 11.8% 2.2% -27.0% 29.2% -26.5% 3.2% 53.9% 8.3% 12.9% 11.9% -11.1% 61.5% 4.0% -21.7% 0.2% 2.1% Sales Year-toYear % Change -14.0% -5.4% -5.0% 9.3% -10.6% -7.4% 19.2% 7.7% 11.5% 34.8% -8.6% 0.7% 30.2% 35.6% 20.4% 7.9% 7.9% 37.3% 42.1% 18.4% 41.3% 29.4% 32.2% 68.7% 27.8% 6.5% 30.1% 53.0% 44.8% 56.8% 10.5% 10.5% 26.1% 30.0% 13.1% 13.4% 17.6% 21.5% 33.8% 34.2% 30.9% 26.6% 40.1% 17.6% 45.2% 20.2% 48.4% 33.6% May 2013
  18. 18. California Existing Condominium Monthly Median Sales Price and Monthly Sales Activity 1981 - 2012 1989 1990 1991 1992 Month Jan 1989 Feb 1989 Mar 1989 Apr 1989 May 1989 Jun 1989 Jul 1989 Aug 1989 Sep 1989 Oct 1989 Nov 1989 Dec 1989 Jan 1990 Feb 1990 Mar 1990 Apr 1990 May 1990 Jun 1990 Jul 1990 Aug 1990 Sep 1990 Oct 1990 Nov 1990 Dec 1990 Jan 1991 Feb 1991 Mar 1991 Apr 1991 May 1991 Jun 1991 Jul 1991 Aug 1991 Sep 1991 Oct 1991 Nov 1991 Dec 1991 Jan 1992 Feb 1992 Mar 1992 Apr 1992 May 1992 Jun 1992 Jul 1992 Aug 1992 Sep 1992 Oct 1992 Nov 1992 Dec 1992 CALIFORNIA ASSOCIATION OF REALTORS® Median Price $129,483 $135,140 $132,847 $136,575 $139,117 $138,174 $145,867 $144,304 $142,263 $144,504 $144,643 $142,215 $141,519 $144,965 $141,132 $145,707 $146,060 $147,523 $144,931 $145,204 $141,080 $141,350 $143,282 $136,050 $141,270 $138,990 $144,551 $150,138 $147,136 $145,752 $145,670 $147,180 $146,590 $145,610 $145,230 $146,520 $144,790 $145,280 $148,830 $149,190 $146,540 $146,990 $145,590 $147,840 $140,770 $146,160 $146,130 $141,180 MonthMonth % Change 2.5% 4.4% -1.7% 2.8% 1.9% -0.7% 5.6% -1.1% -1.4% 1.6% 0.1% -1.7% -0.5% 2.4% -2.6% 3.2% 0.2% 1.0% -1.8% 0.2% -2.8% 0.2% 1.4% -5.0% 3.8% -1.6% 4.0% 3.9% -2.0% -0.9% -0.1% 1.0% -0.4% -0.7% -0.3% 0.9% -1.2% 0.3% 2.4% 0.2% -1.8% 0.3% -1.0% 1.5% -4.8% 3.8% 0.0% -3.4% 17 Year-toYear % Change 13.7% 13.7% 10.4% 18.9% 14.5% 12.4% 19.0% 13.2% 12.4% 11.3% 14.5% 12.6% 9.3% 7.3% 6.2% 6.7% 5.0% 6.8% -0.6% 0.6% -0.8% -2.2% -0.9% -4.3% -0.2% -4.1% 2.4% 3.0% 0.7% -1.2% 0.5% 1.4% 3.9% 3.0% 1.4% 7.7% 2.5% 4.5% 3.0% -0.6% -0.4% 0.8% -0.1% 0.4% -4.0% 0.4% 0.6% -3.6% Sales MonthMonth % Change -3.9% -22.8% 53.9% -10.8% 16.4% -0.9% -16.3% 23.6% -3.7% -1.1% -13.4% -14.2% -6.4% -9.2% 54.4% -9.9% 9.5% -8.8% 2.9% 4.2% -22.0% 3.9% -17.1% -12.9% -7.1% -12.2% 57.1% 30.9% 9.9% -17.2% 11.4% -13.7% -16.5% 10.1% -23.2% 5.4% -2.0% -12.6% 54.3% 12.8% -13.3% -3.5% -17.2% -17.6% -5.7% 8.8% -13.1% 19.6% Sales Year-toYear % Change 81.3% 37.5% 33.8% 16.8% 20.6% 11.9% 0.4% 26.9% -2.2% 23.5% 6.8% -10.8% -10.8% 4.4% 0.0% -3.3% -9.9% -16.9% 5.5% -9.3% -27.0% -23.3% -31.0% -31.0% -32.0% -33.7% -32.3% -2.1% -2.6% -11.7% -2.4% -20.0% -13.3% -8.3% -10.0% 8.8% 14.8% 15.0% 13.0% -2.6% -23.4% -10.6% -33.8% -26.7% -17.3% -18.3% -7.6% 4.8% May 2013
  19. 19. California Existing Condominium Monthly Median Sales Price and Monthly Sales Activity 1981 - 2012 1993 1994 1995 1996 Month Jan 1993 Feb 1993 Mar 1993 Apr 1993 May 1993 Jun 1993 Jul 1993 Aug 1993 Sep 1993 Oct 1993 Nov 1993 Dec 1993 Jan 1994 Feb 1994 Mar 1994 Apr 1994 May 1994 Jun 1994 Jul 1994 Aug 1994 Sep 1994 Oct 1994 Nov 1994 Dec 1994 Jan 1995 Feb 1995 Mar 1995 Apr 1995 May 1995 Jun 1995 Jul 1995 Aug 1995 Sep 1995 Oct 1995 Nov 1995 Dec 1995 Jan 1996 Feb 1996 Mar 1996 Apr 1996 May 1996 Jun 1996 Jul 1996 Aug 1996 Sep 1996 Oct 1996 Nov 1996 Dec 1996 CALIFORNIA ASSOCIATION OF REALTORS® Median Price $140,450 $142,580 $144,060 $144,480 $144,170 $143,900 $141,980 $147,780 $147,090 $141,700 $147,770 $146,320 $143,720 $143,960 $145,020 $145,710 $148,380 $152,270 $140,430 $142,440 $144,920 $143,510 $142,440 $140,160 $139,190 $135,710 $137,120 $139,600 $140,260 $141,630 $138,570 $136,820 $138,540 $132,170 $136,650 $133,660 $135,204 $134,760 $133,760 $134,980 $135,710 $134,300 $133,540 $131,820 $131,200 $132,670 $132,440 $126,860 MonthMonth % Change -0.5% 1.5% 1.0% 0.3% -0.2% -0.2% -1.3% 4.1% -0.5% -3.7% 4.3% -1.0% -1.8% 0.2% 0.7% 0.5% 1.8% 2.6% -7.8% 1.4% 1.7% -1.0% -0.7% -1.6% -0.7% -2.5% 1.0% 1.8% 0.5% 1.0% -2.2% -1.3% 1.3% -4.6% 3.4% -2.2% 1.2% -0.3% -0.7% 0.9% 0.5% -1.0% -0.6% -1.3% -0.5% 1.1% -0.2% -4.2% 18 Year-toYear % Change -3.0% -1.9% -3.2% -3.2% -1.6% -2.1% -2.5% 0.0% 4.5% -3.1% 1.1% 3.6% 2.3% 1.0% 0.7% 0.9% 2.9% 5.8% -1.1% -3.6% -1.5% 1.3% -3.6% -4.2% -3.2% -5.7% -5.4% -4.2% -5.5% -7.0% -1.3% -3.9% -4.4% -7.9% -4.1% -4.6% -2.9% -0.7% -2.5% -3.3% -3.2% -5.2% -3.6% -3.7% -5.3% 0.4% -3.1% -5.1% Sales MonthMonth % Change -35.1% -2.1% 25.3% 7.2% 1.3% 4.0% -1.0% 0.5% -4.7% -7.2% -2.8% 19.6% -10.1% -10.7% 51.2% 2.1% 4.5% -10.6% -17.5% 18.8% -10.6% -3.2% -1.8% -3.3% -21.5% -10.9% 41.6% -11.2% 20.0% 3.1% -5.3% 21.1% -7.1% 0.8% -12.9% 11.5% -21.0% 12.0% 46.5% 13.6% 8.3% -7.3% -3.7% 5.0% -26.3% 10.2% -13.2% -11.0% Sales Year-toYear % Change -30.5% -12.0% -32.0% -36.8% -26.2% -20.6% -17.2% -16.8% -1.3% -13.7% -4.8% -5.2% 44.1% 11.5% 13.4% 12.8% 22.0% 17.6% 8.5% 24.3% -4.0% 1.3% 11.8% -13.9% -15.9% -14.5% -18.2% -28.6% -23.1% -16.2% -18.1% 0.5% -7.1% 7.5% 0.8% 7.3% 14.2% 52.5% 34.6% 70.1% 45.9% 25.1% 42.7% 19.6% 8.0% 37.6% 32.2% 15.5% May 2013
  20. 20. California Existing Condominium Monthly Median Sales Price and Monthly Sales Activity 1981 - 2012 1997 1998 1999 2000 Month Jan 1997 Feb 1997 Mar 1997 Apr 1997 May 1997 Jun 1997 Jul 1997 Aug 1997 Sep 1997 Oct 1997 Nov 1997 Dec 1997 Jan 1998 Feb 1998 Mar 1998 Apr 1998 May 1998 Jun 1998 Jul 1998 Aug 1998 Sep 1998 Oct 1998 Nov 1998 Dec 1998 Jan 1999 Feb 1999 Mar 1999 Apr 1999 May 1999 Jun 1999 Jul 1999 Aug 1999 Sep 1999 Oct 1999 Nov 1999 Dec 1999 Jan 2000 Feb 2000 Mar 2000 Apr 2000 May 2000 Jun 2000 Jul 2000 Aug 2000 Sep 2000 Oct 2000 Nov 2000 Dec 2000 CALIFORNIA ASSOCIATION OF REALTORS® Median Price $131,060 $127,670 $133,940 $138,460 $134,990 $138,870 $137,660 $140,670 $152,150 $142,680 $147,680 $141,840 $144,710 $150,550 $151,660 $149,410 $157,910 $155,680 $156,200 $154,690 $155,480 $152,480 $157,890 $154,860 $152,330 $164,460 $173,310 $164,140 $166,120 $170,200 $169,170 $169,980 $170,300 $163,690 $171,440 $170,250 $173,280 $173,780 $176,500 $182,680 $183,710 $186,390 $186,480 $195,630 $195,310 $198,660 $197,710 $190,240 MonthMonth % Change 3.3% -2.6% 4.9% 3.4% -2.5% 2.9% -0.9% 2.2% 8.2% -6.2% 3.5% -4.0% 2.0% 4.0% 0.7% -1.5% 5.7% -1.4% 0.3% -1.0% 0.5% -1.9% 3.5% -1.9% -1.6% 8.0% 5.4% -5.3% 1.2% 2.5% -0.6% 0.5% 0.2% -3.9% 4.7% -0.7% 1.8% 0.3% 1.6% 3.5% 0.6% 1.5% 0.0% 4.9% -0.2% 1.7% -0.5% -3.8% 19 Year-toYear % Change -3.1% -5.3% 0.1% 2.6% -0.5% 3.4% 3.1% 6.7% 16.0% 7.5% 11.5% 11.8% 10.4% 17.9% 13.2% 7.9% 17.0% 12.1% 13.5% 10.0% 2.2% 6.9% 6.9% 9.2% 5.3% 9.2% 14.3% 9.9% 5.2% 9.3% 8.3% 9.9% 9.5% 7.4% 8.6% 9.9% 13.8% 5.7% 1.8% 11.3% 10.6% 9.5% 10.2% 15.1% 14.7% 21.4% 15.3% 11.7% Sales MonthMonth % Change -11.0% -0.1% 40.9% 17.2% 1.8% 1.4% -2.2% 2.2% 4.0% -6.2% -17.3% 14.5% -21.5% -2.3% 51.4% 23.8% 9.5% 3.8% 11.0% -9.0% -6.7% -9.9% -12.4% 14.5% -13.8% 6.2% 53.6% 3.3% -10.3% 11.7% -6.3% -1.8% 0.5% -7.8% -10.5% 13.1% -28.9% 16.3% 44.1% -7.9% 5.3% 2.1% -10.7% 8.7% -3.8% -4.0% -9.5% -9.1% Sales Year-toYear % Change 15.5% 14.9% 12.7% 19.7% 13.6% 17.6% 22.4% 6.8% 41.8% 7.7% 27.4% 38.5% 24.5% 17.4% 30.5% 42.1% 31.3% 34.8% 33.6% 24.8% 9.0% -2.5% 9.3% 12.8% 17.0% 20.0% 21.7% 20.5% -1.2% 10.9% 2.1% 8.8% 18.3% 17.4% 18.1% 19.6% 1.7% 15.6% 8.5% 8.2% 8.0% -7.8% -8.6% 6.7% 3.2% 5.9% 7.7% -18.0% May 2013
  21. 21. California Existing Condominium Monthly Median Sales Price and Monthly Sales Activity 1981 - 2012 2001 2002 2003 2004 Month Jan 2001 Feb 2001 Mar 2001 Apr 2001 May 2001 Jun 2001 Jul 2001 Aug 2001 Sep 2001 Oct 2001 Nov 2001 Dec 2001 Jan 2002 Feb 2002 Mar 2002 Apr 2002 May 2002 Jun 2002 Jul 2002 Aug 2002 Sep 2002 Oct 2002 Nov 2002 Dec 2002 Jan 2003 Feb 2003 Mar 2003 Apr 2003 May 2003 Jun 2003 Jul 2003 Aug 2003 Sep 2003 Oct 2003 Nov 2003 Dec 2003 Jan 2004 Feb 2004 Mar 2004 Apr 2004 May 2004 Jun 2004 Jul 2004 Aug 2004 Sep 2004 Oct 2004 Nov 2004 Dec 2004 CALIFORNIA ASSOCIATION OF REALTORS® Median Price $197,920 $198,470 $207,620 $198,620 $204,050 $205,710 $205,880 $202,720 $207,350 $204,330 $206,410 $214,100 $220,230 $224,840 $235,470 $238,450 $241,190 $242,170 $248,890 $231,710 $248,790 $248,470 $256,060 $253,560 $254,400 $262,770 $265,220 $277,720 $282,580 $288,490 $289,160 $295,770 $301,410 $296,040 $300,610 $310,050 $303,060 $316,520 $335,370 $351,350 $366,320 $374,950 $368,990 $370,700 $369,380 $372,600 $378,170 $391,050 MonthMonth % Change 4.0% 0.3% 4.6% -4.3% 2.7% 0.8% 0.1% -1.5% 2.3% -1.5% 1.0% 3.7% 2.9% 2.1% 4.7% 1.3% 1.1% 0.4% 2.8% -6.9% 7.4% -0.1% 3.1% -1.0% 0.3% 3.3% 0.9% 4.7% 1.7% 2.1% 0.2% 2.3% 1.9% -1.8% 1.5% 3.1% -2.3% 4.4% 6.0% 4.8% 4.3% 2.4% -1.6% 0.5% -0.4% 0.9% 1.5% 3.4% 20 Year-toYear % Change 14.2% 14.2% 17.6% 8.7% 11.1% 10.4% 10.4% 3.6% 6.2% 2.9% 4.4% 12.5% 11.3% 13.3% 13.4% 20.1% 18.2% 17.7% 20.9% 14.3% 20.0% 21.6% 24.1% 18.4% 15.5% 16.9% 12.6% 16.5% 17.2% 19.1% 16.2% 27.6% 21.2% 19.1% 17.4% 22.3% 19.1% 20.5% 26.4% 26.5% 29.6% 30.0% 27.6% 25.3% 22.6% 25.9% 25.8% 26.1% Sales MonthMonth % Change -21.8% 2.6% 57.7% -5.7% 10.6% 0.2% -4.2% 15.7% -25.7% 2.6% -14.9% 7.0% -1.7% 8.8% 42.4% 5.1% 5.1% -14.7% 1.3% 1.3% -15.3% 9.3% -15.5% 14.7% -19.4% -3.1% 38.7% 6.8% 4.9% -2.9% 6.5% 6.5% -9.8% 1.0% -17.8% 8.6% -20.3% 2.3% 41.3% 5.9% -5.0% 12.1% -12.5% -4.7% -5.8% -5.5% -4.2% 9.1% Sales Year-toYear % Change -0.5% -13.4% -5.6% -7.8% -4.5% -4.9% -1.6% 4.3% -18.3% -13.3% -26.2% -4.5% 22.1% 11.7% 38.5% 35.1% 28.6% 8.8% 15.8% 0.3% 13.4% 22.1% 17.4% 24.0% 1.3% -13.4% -9.4% -6.2% -6.8% 5.1% 11.8% 16.6% 25.4% 19.2% 16.4% 10.8% 7.9% 14.0% 20.1% 20.5% 7.7% 22.8% 0.6% -10.7% -9.6% -13.7% 1.1% 2.0% May 2013
  22. 22. California Existing Condominium Monthly Median Sales Price and Monthly Sales Activity 1981 - 2012 2005 2006 2007 2008 Month Jan 2005 Feb 2005 Mar 2005 Apr 2005 May 2005 Jun 2005 Jul 2005 Aug 2005 Sep 2005 Oct 2005 Nov 2005 Dec 2005 Jan 2006 Feb 2006 Mar 2006 Apr 2006 May 2006 Jun 2006 Jul 2006 Aug 2006 Sep 2006 Oct 2006 Nov 2006 Dec 2006 Jan 2007 Feb 2007 Mar 2007 Apr 2007 May 2007 Jun 2007 Jul 2007 Aug 2007 Sep 2007 Oct 2007 Nov 2007 Dec 2007 Jan 2008 Feb 2008 Mar 2008 Apr 2008 May 2008 Jun 2008 Jul 2008 Aug 2008 Sep 2008 Oct 2008 Nov 2008 Dec 2008 CALIFORNIA ASSOCIATION OF REALTORS® Median Price $375,800 $385,400 $397,040 $406,840 $419,720 $425,260 $426,250 $433,360 $425,290 $429,000 $434,130 $430,820 $430,270 $433,290 $430,610 $432,200 $432,560 $430,130 $424,390 $434,470 $424,970 $425,180 $424,150 $421,440 $421,260 $431,230 $439,950 $445,760 $446,070 $448,550 $440,220 $429,330 $412,040 $422,620 $410,960 $389,760 $371,190 $367,540 $361,120 $363,660 $360,850 $330,500 $338,960 $304,220 $288,930 $277,590 $242,670 $242,320 MonthMonth % Change -3.9% 2.6% 3.0% 2.5% 3.2% 1.3% 0.2% 1.7% -1.9% 0.9% 1.2% -0.8% -0.1% 0.7% -0.6% 0.4% 0.1% -0.6% -1.3% 2.4% -2.2% 0.0% -0.2% -0.6% 0.0% 2.4% 2.0% 1.3% 0.1% 0.6% -1.9% -2.5% -4.0% 2.6% -2.8% -5.2% -4.8% -1.0% -1.7% 0.7% -0.8% -8.4% 2.6% -10.2% -5.0% -3.9% -12.6% -0.1% 21 Year-toYear % Change 24.0% 21.8% 18.4% 15.8% 14.6% 13.4% 15.5% 16.9% 15.1% 15.1% 14.8% 10.2% 14.5% 12.4% 8.5% 6.2% 3.1% 1.1% -0.4% 0.3% -0.1% -0.9% -2.3% -2.2% -2.1% -0.5% 2.2% 3.1% 3.1% 4.3% 3.7% -1.2% -3.0% -0.6% -3.1% -7.5% -11.9% -14.8% -17.9% -18.4% -19.1% -26.3% -23.0% -29.1% -29.9% -34.3% -41.0% -37.8% Sales MonthMonth % Change -26.9% 3.0% 60.2% 7.9% -3.3% 13.0% -12.3% 6.7% -11.1% -13.7% -7.8% -6.3% -25.8% 6.9% 48.8% -6.8% 9.9% -5.1% -17.0% 8.3% -14.3% -6.6% -1.8% 1.3% -18.2% 13.0% 36.8% -12.3% 6.1% 0.2% -13.0% -2.4% -24.8% -4.6% -5.2% 0.2% -24.4% 9.8% 28.8% 18.1% 7.0% 7.4% 15.6% -3.1% 0.6% 6.9% -26.2% 10.0% Sales Year-toYear % Change -5.5% -5.9% 6.1% 7.8% 1.9% 4.2% -1.3% 10.3% 4.5% -5.2% -8.9% -21.7% -20.6% -17.7% -23.0% -28.8% -18.5% -28.5% -32.4% -31.6% -33.4% -28.0% -23.1% -18.1% -9.9% -6.5% -13.5% -19.4% -23.5% -19.9% -15.4% -23.7% -31.1% -31.9% -34.7% -35.6% -40.1% -41.7% -45.1% -27.7% -23.1% -17.3% 14.1% 8.0% 49.4% 65.3% 24.8% 41.8% May 2013
  23. 23. California Existing Condominium Monthly Median Sales Price and Monthly Sales Activity 1981 - 2012 2009 2010 2011 2012 Month Jan 2009 Feb 2009 Mar 2009 Apr 2009 May 2009 Jun 2009 Jul 2009 Aug 2009 Sep 2009 Oct 2009 Nov 2009 Dec 2009 Jan 2010 Feb 2010 Mar 2010 Apr 2010 May 2010 Jun 2010 Jul 2010 Aug 2010 Sep 2010 Oct 2010 Nov 2010 Dec 2010 Jan 2011 Feb 2011 Mar 2011 Apr 2011 May 2011 Jun 2011 Jul 2011 Aug 2011 Sep 2011 Oct 2011 Nov 2011 Dec 2011 Jan 2012 Feb 2012 Mar 2012 Apr 2012 May 2012 Jun 2012 Jul 2012 Aug 2012 Sep 2012 Oct 2012 Nov 2012 Dec 2012 CALIFORNIA ASSOCIATION OF REALTORS® Median Price $226,360 $228,460 $222,770 $227,320 $238,780 $263,190 $259,710 $260,430 $270,170 $267,520 $271,920 $270,300 $254,540 $249,010 $263,310 $257,950 $270,470 $260,870 $253,150 $252,750 $248,050 $243,540 $243,370 $240,970 $226,840 $235,790 $232,270 $237,420 $233,390 $232,230 $228,470 $224,640 $221,440 $227,270 $221,110 $221,700 $212,230 $216,520 $235,710 $239,820 $243,670 $248,270 $250,210 $258,700 $264,880 $267,010 $278,520 $273,000 MonthMonth % Change -6.6% 0.9% -2.5% 2.0% 5.0% 10.2% -1.3% 0.3% 3.7% -1.0% 1.6% -0.6% -5.8% -2.2% 5.7% -2.0% 4.9% -3.5% -3.0% -0.2% -1.9% -1.8% -0.1% -1.0% -5.9% 3.9% -1.5% 2.2% -1.7% -0.5% -1.6% -1.7% -1.4% 2.6% -2.7% 0.3% -4.3% 2.0% 8.9% 1.7% 1.6% 1.9% 0.8% 3.4% 2.4% 0.8% 4.3% -2.0% 22 Year-toYear % Change -39.0% -37.8% -38.3% -37.5% -33.8% -20.4% -23.4% -14.4% -6.5% -3.6% 12.1% 11.5% 12.4% 9.0% 18.2% 13.5% 13.3% -0.9% -2.5% -2.9% -8.2% -9.0% -10.5% -10.9% -10.9% -5.3% -11.8% -8.0% -13.7% -11.0% -9.7% -11.1% -10.7% -6.7% -9.1% -8.0% -6.4% -8.2% 1.5% 1.0% 4.4% 6.9% 9.5% 15.2% 19.6% 17.5% 26.0% 23.1% Sales MonthMonth % Change -23.0% -0.2% 49.2% 6.3% -4.8% 12.2% 4.7% -8.2% 2.2% 5.5% -14.8% 11.5% -19.1% 0.4% -1.3% 31.1% 17.5% -2.0% -16.7% 0.1% -5.9% -6.2% -4.4% 17.9% -3.4% -17.3% 38.5% 9.0% -13.4% 7.1% -12.5% 10.9% -16.3% -1.3% -0.5% 13.8% -23.3% 12.5% 27.6% -1.5% 7.5% -2.8% -5.7% 10.6% -19.0% 12.2% -7.4% 5.9% Sales Year-toYear % Change 44.3% 31.2% 51.9% 36.7% 21.6% 27.0% 15.0% 9.0% 10.8% 9.4% 26.3% 28.1% 34.6% 35.5% 1.2% 24.8% 36.5% 19.2% -5.1% 3.5% -4.7% -15.3% -4.9% 0.5% 19.8% -1.3% 38.5% 15.1% -15.1% -7.2% -2.5% 8.0% -3.9% 1.0% 5.1% 1.5% 1.2% 9.3% 0.7% 4.0% 12.3% 1.6% 10.3% 10.2% 6.3% 20.2% 13.0% 4.7% May 2013
  24. 24. California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990 - 2012 Alameda Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Price $227,580 $229,890 $223,200 $217,370 $210,010 $207,880 $215,490 $230,800 $256,770 $289,200 $371,850 $399,520 $447,290 $477,220 $580,360 $661,420 $680,800 $687,280 $519,510 $430,210 $488,610 $461,750 $488,320 % Chg Price 1.8% 1.0% -2.9% -2.6% -3.4% -1.0% 3.7% 7.1% 11.3% 12.6% 28.6% 7.4% 12.0% 6.7% 21.6% 14.0% 2.9% 1.0% -24.4% -17.2% 13.6% -5.5% 5.8% CALIFORNIA ASSOCIATION OF REALTORS® Amador % Chg Sales -24.2% 12.0% 2.7% -3.3% 19.3% -11.9% 12.8% 11.9% 0.5% 33.2% -2.5% -20.9% 21.8% 6.9% -1.7% -11.0% -13.3% -28.6% -0.9% 7.6% -10.0% 0.2% 10.4% Median Price NA NA NA NA NA NA NA NA NA NA NA NA NA NA $279,750 $352,870 $363,850 $333,740 $274,260 $199,500 $180,280 $155,960 $169,460 % Chg Price NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 26.1% 3.1% -8.3% -17.8% -27.3% -9.6% -13.5% 8.7% 23 Butte % Chg Sales NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA -2.0% -31.9% -9.2% -19.9% 12.6% 5.3% 22.8% 25.9% Median Price $112,840 $119,600 $118,830 $116,000 $118,180 $116,180 $116,780 $115,850 $120,170 $125,000 $134,000 $150,890 $178,390 $222,520 $261,700 $318,150 $326,630 $307,770 $271,530 $245,920 $234,860 $203,920 $211,700 % Chg Price 26.5% 6.0% -0.6% -2.4% 1.9% -1.7% 0.5% -0.8% 3.7% 4.0% 7.2% 12.6% 18.2% 24.7% 17.6% 21.6% 2.7% -5.8% -11.8% -9.4% -4.5% -13.2% 3.8% % Chg Sales -36.4% -5.2% 14.6% -2.8% -4.1% 3.5% 20.7% 4.6% 26.5% 15.1% -2.9% -1.8% 0.8% -7.8% 24.6% -26.5% -17.6% -2.8% -18.9% 9.5% -0.8% 10.8% 13.7% May 2013
  25. 25. California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990 - 2012 Contra Costa Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Price $238,200 $251,050 $272,790 $283,370 $291,390 $294,080 $297,790 $313,330 $338,510 $381,800 $469,760 $501,570 $570,850 $611,580 $654,470 $689,220 $828,530 $852,110 $698,840 $605,810 $644,100 $578,010 $628,280 % Chg Price 1.2% 5.4% 8.7% 3.9% 2.8% 0.9% 1.3% 5.2% 8.0% 12.8% 23.0% 6.8% 13.8% 7.1% 7.0% 5.3% 20.2% 2.8% -18.0% -13.3% 6.3% -10.3% 8.7% CALIFORNIA ASSOCIATION OF REALTORS® Fresno % Chg Sales -19.8% 6.5% -10.7% -12.9% 5.0% -10.9% 16.3% 15.8% 1.0% 20.6% -12.3% -19.9% 25.0% 2.6% -5.1% -15.8% -16.1% -19.3% -11.4% 23.0% 15.7% 7.9% 13.3% Median Price $89,500 $97,460 $99,100 $98,890 $102,590 $98,130 $94,540 $98,150 $99,170 $100,070 $104,480 $120,560 $142,730 $176,300 $232,190 $289,260 $293,930 $278,210 $195,790 $145,250 $151,380 $136,790 $146,070 24 % Chg Price 8.0% 8.9% 1.7% -0.2% 3.7% -4.3% -3.7% 3.8% 1.0% 0.9% 4.4% 15.4% 18.4% 23.5% 31.7% 24.6% 1.6% -5.3% -29.6% -25.8% 4.2% -9.6% 6.8% Humboldt % Chg Sales 15.6% -11.2% 12.7% 1.9% 11.4% -12.9% 12.7% 1.3% 26.4% 17.4% 2.1% 3.4% 0.4% 10.8% 8.1% 10.0% -24.6% -26.2% 55.1% 40.6% -10.3% 9.3% -9.0% Median Price $88,090 $101,290 $108,130 $112,390 $111,750 $115,610 $109,800 $118,250 $118,180 $124,710 $130,840 $141,690 $168,910 $205,460 $238,060 $313,930 $323,120 $321,470 $294,400 $266,120 $253,680 $236,300 $230,860 % Chg Price 9.5% 15.0% 6.8% 3.9% -0.6% 3.5% -5.0% 7.7% -0.1% 5.5% 4.9% 8.3% 19.2% 21.6% 15.9% 31.9% 2.9% -0.5% -8.4% -9.6% -4.7% -6.9% -2.3% % Chg Sales -11.7% -3.9% 14.5% 1.2% 8.3% -8.0% -3.0% 4.5% 14.4% 9.5% 7.2% 2.1% 9.5% 1.4% 1.5% -8.5% -12.9% -10.9% -20.8% 2.7% -3.6% 5.9% 15.8% May 2013
  26. 26. California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990 - 2012 Kern Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Price $86,670 $91,310 $91,670 $90,820 $88,670 $88,180 $89,300 $89,830 $90,250 $88,450 $89,160 $101,330 $118,650 $143,760 $186,510 NA NA NA NA NA NA NA NA % Chg Price 5.7% 5.4% 0.4% -0.9% -2.4% -0.6% 1.3% 0.6% 0.5% -2.0% 0.8% 13.6% 17.1% 21.2% 29.7% NA NA NA NA NA NA NA NA CALIFORNIA ASSOCIATION OF REALTORS® Kings % Chg Sales 20.0% -3.8% -21.6% -7.7% -1.3% 4.0% 15.3% 4.1% 16.4% 21.2% 19.3% 3.2% -2.1% 11.5% 20.9% -1.7% -20.3% -36.8% 84.3% 30.9% -12.0% 0.4% -10.8% Median Price NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA $250,780 $238,460 $204,680 $166,800 $170,110 $138,820 $146,170 25 % Chg Price NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA -4.9% -14.2% -18.5% 2.0% -18.4% 5.3% Lake % Chg Sales NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA -30.7% 11.3% 19.3% -4.0% 26.8% 13.5% Median Price NA NA NA NA $97,220 $97,940 $95,470 $93,390 $95,890 $108,520 $124,870 $138,200 $168,260 $208,130 $261,820 $302,770 $310,420 $281,070 $208,780 $156,270 $132,190 $108,520 $122,500 % Chg Price NA NA NA NA NA 0.7% -2.5% -2.2% 2.7% 13.2% 15.1% 10.7% 21.8% 23.7% 25.8% 15.6% 2.5% -9.5% -25.7% -25.2% -15.4% -17.9% 12.9% % Chg Sales NA NA NA NA NA -13.7% -5.9% 48.9% 6.0% 22.7% 44.6% -20.4% 5.5% -0.8% 14.7% -1.6% -34.4% -25.6% 6.0% 31.7% 11.2% 10.6% 5.1% May 2013
  27. 27. California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990-2012 Los Angeles County Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Price $209,870 $214,220 $207,990 $195,700 $193,750 $173,960 $171,100 $173,990 $188,140 $199,500 $216,020 $242,430 $287,180 $348,410 $435,950 $517,850 $577,150 $589,170 $382,710 $299,270 $323,290 $307,660 $327,470 % Chg Price -2.3% 2.1% -2.9% -5.9% -1.0% -10.2% -1.6% 1.7% 8.1% 6.0% 8.3% 12.2% 18.5% 21.3% 25.1% 18.8% 11.5% 2.1% -35.0% -21.8% 8.0% -4.8% 6.4% CALIFORNIA ASSOCIATION OF REALTORS® Madera % Chg Sales -20.5% 0.5% -7.2% -1.1% 20.9% -2.8% 18.6% 13.4% 12.1% 2.2% 3.9% 3.2% 7.1% 2.2% -2.9% 5.2% -20.5% -35.6% 29.2% 24.9% -12.0% -4.9% 6.6% Median Price NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA $197,760 $147,470 $142,680 $128,520 $122,320 26 % Chg Price NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA -25.4% -3.2% -9.9% -4.8% Marin % Chg Median Sales Price NA $356,800 NA $348,040 NA $338,000 NA $333,420 NA $347,230 NA $344,600 NA $364,840 NA $380,930 NA $431,810 NA $518,770 NA $643,250 NA $673,510 NA $715,010 NA $738,880 NA $871,700 NA $976,720 NA $965,080 NA $1,037,540 NA $962,190 42.0% $778,290 -28.9% $810,880 -30.9% $758,040 -37.4% $784,320 % Chg Price 19.4% -2.5% -2.9% -1.4% 4.1% -0.8% 5.9% 4.4% 13.4% 20.1% 24.0% 4.7% 6.2% 3.3% 18.0% 12.0% -1.2% 7.5% -7.3% -19.1% 4.2% -6.5% 3.5% % Chg Sales -21.5% 8.3% 21.4% 7.6% 7.0% -13.0% 19.0% 21.9% -0.5% 1.9% -14.5% -18.7% 22.5% 6.5% 2.3% -8.5% -15.3% -8.1% -21.5% 6.1% 10.7% 2.9% 23.7% May 2013
  28. 28. California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990 - 2012 Mendocino Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Price $138,230 $140,440 $131,940 $132,760 $133,090 $132,110 $132,570 $138,870 $137,530 $147,590 $166,210 $200,750 $233,420 $281,730 $341,160 $387,120 $425,630 $433,770 $346,150 $258,570 $253,570 $205,620 $225,530 % Chg Price 19.5% 1.6% -6.1% 0.6% 0.2% -0.7% 0.3% 4.8% -1.0% 7.3% 12.6% 20.8% 16.3% 20.7% 21.1% 13.5% 9.9% 1.9% -20.2% -25.3% -1.9% -18.9% 9.7% CALIFORNIA ASSOCIATION OF REALTORS® Merced % Chg Sales -21.7% -24.4% 52.9% 6.3% 11.2% -9.6% 8.5% 4.6% 0.5% 13.7% -1.1% 6.0% 7.1% -3.0% 26.0% -9.9% -5.1% -17.6% -28.2% 37.3% 4.3% 11.9% 14.3% Median Price $93,440 $102,190 $103,580 $97,550 $94,670 $94,060 $92,420 $92,420 $97,740 $103,150 $109,760 $132,610 $157,640 $193,080 $232,210 $310,200 $312,230 $263,620 $148,710 $107,120 $113,230 $113,330 $122,480 27 % Chg Price 19.4% 9.4% 1.4% -5.8% -3.0% -0.6% -1.7% 0.0% 5.8% 5.5% 6.4% 20.8% 18.9% 22.5% 20.3% 33.6% 0.7% -15.6% -43.6% -28.0% 5.7% 0.1% 8.1% Monterey % Chg Sales -9.1% -7.7% 0.8% -1.3% 4.7% -16.1% -7.4% -6.8% 17.9% 11.4% 12.2% 18.7% 20.9% 6.0% 40.7% 13.0% -42.9% -34.5% 174.3% 22.3% -19.1% -19.6% -9.6% Median Price $221,070 $219,780 $209,000 $207,290 $207,670 $208,470 $224,400 $246,070 $250,480 $291,330 $350,920 $362,290 $385,210 $444,340 $590,540 $680,740 $675,000 $680,000 $321,120 $225,000 $254,000 $260,000 $300,000 % Chg Price 4.5% -0.6% -4.9% -0.8% 0.2% 0.4% 7.6% 9.7% 1.8% 16.3% 20.5% 3.2% 6.3% 15.4% 32.9% 15.3% -0.8% 0.7% -52.8% -29.9% 12.9% 2.4% 15.4% % Chg Sales -16.8% -10.5% 10.0% 0.0% 14.2% 180.7% 54.1% 10.9% 17.1% 2.5% 3.2% -21.7% 40.4% 8.9% 12.9% -2.6% -36.6% -33.5% 108.7% 45.8% -21.9% -8.2% -8.4% May 2013
  29. 29. California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990-2012 Napa Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Price $182,320 $183,680 $189,720 $183,900 $186,150 $183,550 $180,000 $200,440 $205,600 $255,780 $301,490 $333,560 $383,050 $464,240 $545,700 $655,720 $677,910 $667,690 $452,900 $362,190 $362,460 $339,740 $370,910 % Chg Price 12.2% 0.7% 3.3% -3.1% 1.2% -1.4% -1.9% 11.4% 2.6% 24.4% 17.9% 10.6% 14.8% 21.2% 17.5% 20.2% 3.4% -1.5% -32.2% -20.0% 0.1% -6.3% 9.2% CALIFORNIA ASSOCIATION OF REALTORS® Orange County % Chg Sales 16.4% 3.4% 8.5% -6.3% 0.7% -13.4% 20.7% 24.7% 19.9% 1.6% -6.5% -5.1% 17.0% -3.9% 11.7% -4.5% -23.8% -23.8% 13.8% 24.0% 1.0% 5.8% 13.2% Median Price $238,500 $236,070 $230,760 $218,930 $211,810 $206,510 $210,270 $226,490 $257,950 $276,670 $316,730 $353,740 $408,640 $488,440 $642,580 $706,560 $732,520 $727,570 $540,650 $505,590 $546,380 $512,500 $542,700 28 % Chg Price 0.2% -1.0% -2.2% -5.1% -3.3% -2.5% 1.8% 7.7% 13.9% 7.3% 14.5% 11.7% 15.5% 19.5% 31.6% 10.0% 3.7% -0.7% -25.7% -6.5% 8.1% -6.2% 5.9% Placer % Chg Sales -21.5% 0.0% 14.1% 3.9% 16.3% -15.1% 17.9% 9.2% 20.9% -2.8% 5.7% -2.7% 12.2% 1.8% -17.1% 5.8% -29.4% -25.4% 26.2% 9.3% -4.2% -5.0% 19.0% Median Price $189,590 $176,340 $174,110 $170,280 $166,190 $164,030 $162,230 $168,000 $175,590 $194,870 $224,160 $253,690 $287,780 $333,190 $411,360 $483,380 $470,500 $435,380 $349,290 $296,480 $285,530 $261,650 $284,230 % Chg Price 16.7% -7.0% -1.3% -2.2% -2.4% -1.3% -1.1% 3.6% 4.5% 11.0% 15.0% 13.2% 13.4% 15.8% 23.5% 17.5% -2.7% -7.5% -19.8% -15.1% -3.7% -8.4% 8.6% % Chg Sales -2.5% -38.1% 39.7% 11.5% 2.0% -17.5% 16.4% 18.6% 32.1% 23.9% 0.8% -2.4% 18.1% 9.9% 17.2% -5.3% -25.3% -11.4% 20.9% 1.0% 12.3% 12.4% 2.4% May 2013
  30. 30. California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990 - 2012 Riverside Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Price $140,010 $141,700 $142,430 $137,360 $131,950 $123,880 $119,720 $123,070 $128,610 $138,770 $157,310 $178,050 $204,920 $255,180 $344,740 $399,320 $421,360 $396,120 $246,800 $182,600 $206,180 $200,550 $222,240 % Chg Price 6.6% 1.2% 0.5% -3.6% -3.9% -6.1% -3.4% 2.8% 4.5% 7.9% 13.4% 13.2% 15.1% 24.5% 35.1% 15.8% 5.5% -6.0% -37.7% -26.0% 12.9% -2.7% 10.8% CALIFORNIA ASSOCIATION OF REALTORS® Sacramento % Chg Sales -8.0% -14.5% -8.1% -1.7% 38.4% -0.1% 32.0% 24.9% -8.1% 12.0% 10.2% 6.9% 13.1% 9.5% 12.4% 12.7% -23.7% -37.1% 99.1% 20.3% -19.2% -1.4% 0.7% Median Price $137,460 $137,580 $133,950 $129,240 $124,970 $119,480 $115,310 $116,260 $124,680 $131,500 $145,200 $173,150 $210,230 $247,350 $316,950 $375,760 $374,530 $342,760 $216,660 $180,540 $184,170 $166,060 $176,810 29 % Chg Price 22.2% 0.1% -2.6% -3.5% -3.3% -4.4% -3.5% 0.8% 7.2% 5.5% 10.4% 19.2% 21.4% 17.7% 28.1% 18.6% -0.3% -8.5% -36.8% -16.7% 2.0% -9.8% 6.5% San Benito % Chg Sales 13.4% -22.4% 19.6% 8.9% -3.4% -17.4% 35.0% 12.0% 23.8% 17.0% 12.5% -1.4% 4.6% 10.0% 15.9% -9.4% -32.9% -25.7% 88.9% 3.5% -12.8% 7.9% -1.6% Median Price NA NA NA NA NA NA NA NA NA $265,030 $346,300 $364,470 $372,700 $394,460 $498,170 $654,030 $647,700 $603,860 $321,280 $267,480 $287,880 $260,000 $280,000 % Chg Price NA NA NA NA NA NA NA NA NA NA 30.7% 5.2% 2.3% 5.8% 26.3% 31.3% -1.0% -6.8% -46.8% -16.7% 7.6% -9.7% 7.7% % Chg Sales NA NA NA NA NA NA NA NA NA NA -0.7% -33.8% 46.8% 19.7% 17.6% -16.5% -38.2% -41.7% 106.9% 21.2% -16.6% -1.2% 5.7% May 2013
  31. 31. California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990 - 2012 San Bernardino Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Price $119,370 $121,420 $119,720 $114,000 $107,850 $100,910 $98,480 $94,820 $110,910 $117,090 $118,840 $130,730 $144,930 $174,870 $240,480 $316,210 $345,160 $318,020 $193,070 $129,170 $138,790 $131,670 $140,410 % Chg Price 13.8% 1.7% -1.4% -4.8% -5.4% -6.4% -2.4% -3.7% 17.0% 5.6% 1.5% 10.0% 10.9% 20.7% 37.5% 31.5% 9.2% -7.9% -39.3% -33.1% 7.4% -5.1% 6.6% CALIFORNIA ASSOCIATION OF REALTORS® San Diego % Chg Sales -10.2% -17.4% -18.2% -9.1% -2.1% 21.1% 29.3% -8.8% 144.1% 8.9% 1.8% 1.0% 9.9% 2.9% 6.3% 7.4% -27.0% -47.2% 61.6% 49.8% -23.0% 1.6% -4.6% Median Price $183,210 $187,510 $184,410 $177,390 $176,380 $172,670 $174,770 $185,210 $207,100 $231,620 $269,400 $298,610 $364,240 $424,880 $551,640 $604,250 $601,770 $588,700 $385,610 $359,500 $385,740 $370,300 $385,520 30 % Chg Price 0.7% 2.3% -1.7% -3.8% -0.6% -2.1% 1.2% 6.0% 11.8% 11.8% 16.3% 10.8% 22.0% 16.6% 29.8% 9.5% -0.4% -2.2% -34.5% -6.8% 7.3% -4.0% 4.1% San Francisco % Chg Sales -6.9% -6.3% 6.6% 13.4% 9.8% -20.2% 26.1% 19.7% 5.2% 2.5% 0.0% -1.6% 19.9% 6.6% 0.9% -5.7% -21.0% -20.8% 27.9% 12.3% -6.7% 1.3% 17.1% Median Price $285,920 $280,720 $272,340 $261,600 $259,560 $262,800 $271,570 $293,100 $339,700 $392,520 $503,550 $553,160 $594,710 $638,920 $714,040 $830,820 $846,220 $866,250 $753,320 $666,510 $691,540 $644,120 $705,810 % Chg Price 2.1% -1.8% -3.0% -3.9% -0.8% 1.2% 3.3% 7.9% 15.9% 15.5% 28.3% 9.9% 7.5% 7.4% 11.8% 16.4% 1.9% 2.4% -13.0% -11.5% 3.8% -6.9% 9.6% % Chg Sales -24.4% 12.9% 11.7% 3.6% 1.4% -17.9% 10.1% 25.7% 10.3% -3.7% -11.0% -12.5% 14.5% 15.1% 10.2% -3.5% -9.7% -20.4% -4.5% 5.6% -0.3% 3.4% 5.8% May 2013
  32. 32. California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990 - 2012 San Luis Obispo Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Price $206,460 $195,460 $185,460 $186,800 $173,880 $166,800 $169,980 $183,460 $186,760 $215,210 $256,870 $291,520 $342,360 $392,070 $460,220 $568,750 $587,370 $579,300 $447,350 $385,370 $382,380 $361,680 $388,730 % Chg Price 22.9% -5.3% -5.1% 0.7% -6.9% -4.1% 1.9% 7.9% 1.8% 15.2% 19.4% 13.5% 17.4% 14.5% 17.4% 23.6% 3.3% -1.4% -22.8% -13.9% -0.8% -5.4% 7.5% CALIFORNIA ASSOCIATION OF REALTORS® San Mateo % Chg Sales -27.1% -1.4% 4.1% 7.1% 21.0% -21.6% 18.8% 10.1% 47.8% 4.7% -2.0% -21.5% 9.0% -1.2% 2.2% 10.5% -24.3% -15.7% 4.2% 11.7% -3.0% 20.0% 11.2% Median Price NA $328,310 $319,400 $305,340 $319,600 $317,890 $334,070 $373,780 $424,010 $482,330 $612,380 $616,370 $653,250 $674,720 $771,400 $903,230 $868,000 $935,000 $800,000 $687,500 $720,500 $695,000 $750,000 31 % Chg Price NA NA -2.7% -4.4% 4.7% -0.5% 5.1% 11.9% 13.4% 13.8% 27.0% 0.7% 6.0% 3.3% 14.3% 17.1% -3.9% 7.7% -14.4% -14.1% 4.8% -3.5% 7.9% Santa Barbara % Chg Sales NA NA 9.8% 4.5% 17.7% -12.1% 23.8% -0.4% 5.9% 14.9% -11.4% -16.8% 25.5% 8.6% 1.7% -9.7% -15.4% -16.8% -6.5% 5.1% 7.7% 2.4% 9.1% Median Price $239,400 $235,240 $238,970 $228,800 $237,600 $226,880 $231,070 $264,090 $255,150 $297,180 $329,550 $365,830 $410,330 $466,480 $601,490 $693,480 $755,950 $800,490 $427,950 $384,290 $445,370 $388,720 $472,440 % Chg Price -5.8% -1.7% 1.6% -4.3% 3.8% -4.5% 1.8% 14.3% -3.4% 16.5% 10.9% 11.0% 12.2% 13.7% 28.9% 15.3% 9.0% 5.9% -46.5% -10.2% 15.9% -12.7% 21.5% % Chg Sales -19.1% -10.6% 10.5% 13.2% 10.9% -19.7% 8.2% 12.5% 9.6% 9.2% -0.2% -10.0% -0.5% -3.3% 0.9% -10.6% -19.2% -17.2% 15.6% 6.9% -2.9% 6.0% 12.3% May 2013
  33. 33. California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990 - 2012 Santa Clara Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Price $245,670 $239,610 $234,550 $233,610 $254,560 $255,260 $273,830 $316,250 $364,740 $398,000 $524,000 $525,000 $545,000 $550,000 $627,000 $735,000 $773,000 $836,780 $668,000 $530,000 $595,000 $570,000 $645,000 % Chg Price -2.4% -2.5% -2.1% -0.4% 9.0% 0.3% 7.3% 15.5% 15.3% 9.1% 31.7% 0.2% 3.8% 0.9% 14.0% 17.2% 5.2% 8.3% -20.2% -20.7% 12.3% -4.2% 13.2% CALIFORNIA ASSOCIATION OF REALTORS® Santa Cruz % Chg Sales -22.8% 12.1% 3.4% -3.1% 32.7% -11.5% 14.9% -4.1% 4.3% 22.5% -8.1% -29.2% 35.5% 10.9% 17.6% -11.8% -23.2% -23.0% -0.3% 30.2% -4.3% -4.2% 6.2% Median Price $252,830 $248,020 $240,950 $236,700 $232,500 $234,930 $239,390 $265,930 $301,150 $355,420 $446,720 $487,500 $517,120 $561,300 $637,910 $755,300 $745,000 $750,000 $585,000 $499,000 $520,000 $467,000 $509,500 32 % Chg Price 5.7% -1.9% -2.9% -1.8% -1.8% 1.0% 1.9% 11.1% 13.2% 18.0% 25.7% 9.1% 6.1% 8.5% 13.6% 18.4% -1.4% 0.7% -22.0% -14.7% 4.2% -10.2% 9.1% Shasta % Chg Sales -29.4% 34.2% 23.8% 2.5% 18.3% -20.2% 20.0% 15.9% 5.5% 1.6% -5.2% -26.0% 27.0% 5.7% 17.4% -20.5% -14.8% -22.4% -5.0% 22.6% -9.6% 5.8% 17.9% Median Price NA NA NA NA NA NA NA $109,110 $112,800 $113,280 $119,070 $132,700 $154,830 $194,830 $236,250 $286,580 $296,490 $277,700 $229,200 $194,200 $177,340 $155,410 $163,270 % Chg Price NA NA NA NA NA NA NA NA 3.4% 0.4% 5.1% 11.4% 16.7% 25.8% 21.3% 21.3% 3.5% -6.3% -17.5% -15.3% -8.7% -12.4% 5.1% % Chg Sales NA NA NA NA NA NA NA NA 19.6% 18.0% 21.4% 9.2% -1.1% 2.7% 8.2% 1.8% -29.5% -8.5% -11.0% 5.1% 2.2% 14.7% 8.2% May 2013
  34. 34. California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990 - 2012 Siskiyou Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Price NA NA $87,500 $91,250 $81,110 $90,400 $91,000 $88,570 $99,700 $106,860 $108,300 $118,080 $136,170 $160,600 $192,380 $246,810 $244,600 $237,650 $212,240 $168,610 $160,400 $124,880 $130,480 % Chg Price NA NA NA 4.3% -11.1% 11.5% 0.7% -2.7% 12.6% 7.2% 1.3% 9.0% 15.3% 17.9% 19.8% 28.3% -0.9% -2.8% -10.7% -20.6% -4.9% -22.1% 4.5% CALIFORNIA ASSOCIATION OF REALTORS® Solano % Chg Sales NA NA NA -7.9% -60.0% -12.6% -5.9% 55.3% 24.5% 8.2% 10.3% 9.2% -2.1% -3.1% 12.3% -4.5% -25.9% -14.9% -32.7% 30.5% 10.8% 11.0% 12.4% Median Price NA NA NA NA $150,400 $142,650 $136,420 $137,520 $148,130 $159,330 $194,610 $237,360 $271,620 $312,660 $380,900 $463,030 $476,470 $430,830 $276,880 $205,060 $211,740 $191,360 $199,180 33 % Chg Price NA NA NA NA NA -5.2% -4.4% 0.8% 7.7% 7.6% 22.1% 22.0% 14.4% 15.1% 21.8% 21.6% 2.9% -9.6% -35.7% -25.9% 3.3% -9.6% 4.1% Sonoma % Chg Sales NA NA NA NA NA -0.2% 18.7% 122.8% 42.1% 13.8% -2.4% -15.2% 12.3% 1.3% 10.5% -2.7% -27.9% -38.1% 79.8% 42.6% -18.3% 3.1% -3.1% Median Price $181,120 $188,540 $198,890 $195,730 $193,560 $195,170 $187,370 $193,730 $222,080 $250,380 $318,190 $356,910 $380,270 $429,030 $499,080 $627,910 $622,950 $586,570 $390,160 $350,080 $363,120 $332,160 $358,160 % Chg Price 10.0% 4.1% 5.5% -1.6% -1.1% 0.8% -4.0% 3.4% 14.6% 12.7% 27.1% 12.2% 6.5% 12.8% 16.3% 25.8% -0.8% -5.8% -33.5% -10.3% 3.7% -8.5% 7.8% % Chg Sales -0.2% -18.2% -5.9% 6.3% 9.1% -23.9% 32.2% 21.4% 10.2% -3.2% -10.0% -14.4% 34.2% -0.2% 4.0% -5.5% -24.8% -23.6% 24.7% 9.6% -8.2% 6.2% 15.0% May 2013
  35. 35. California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990 - 2012 Tehama Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Price NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA $176,780 $151,050 $135,380 $116,040 $118,420 % Chg Price NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA -14.6% -10.4% -14.3% 2.1% CALIFORNIA ASSOCIATION OF REALTORS® Tulare % Chg Sales NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 6.8% -6.1% 31.8% -4.7% Median Price NA NA NA NA NA NA NA NA NA NA NA NA $112,320 $134,190 $169,900 $243,970 $253,070 $235,030 $178,040 $134,270 $134,350 $120,600 $128,500 34 % Chg Price NA NA NA NA NA NA NA NA NA NA NA NA NA 19.5% 26.6% 43.6% 3.7% -7.1% -24.2% -24.6% 0.1% -10.2% 6.6% Tuolumne % Chg Sales NA NA NA NA NA NA NA NA NA NA NA NA NA 0.0% 5.7% -0.5% -0.2% -26.3% 39.1% 37.0% -3.5% 19.9% -7.3% Median Price NA NA NA NA NA NA NA NA NA NA NA NA NA $237,320 $281,360 $350,330 $359,630 $336,610 $285,680 $226,890 $206,140 $164,530 $172,350 % Chg Price NA NA NA NA NA NA NA NA NA NA NA NA NA NA 18.6% 24.5% 2.7% -6.4% -15.1% -20.6% -9.1% -20.2% 4.8% % Chg Sales NA NA NA NA NA NA NA NA NA NA NA NA NA NA 16.9% -8.9% -23.8% -13.9% -20.5% 15.9% 6.4% 28.7% 12.3% May 2013
  36. 36. California Counties, Existing Single-Family Home Annual Median Sales Price and % Change in Sales 1990 - 2012 Ventura County Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Price $238,790 $234,930 $225,680 $212,470 $207,350 $199,910 $206,200 $219,300 $232,220 $254,950 $295,080 $322,560 $372,400 $462,520 $599,280 $668,140 $685,960 $673,940 $463,560 $416,770 $442,820 $418,270 $427,000 CALIFORNIA ASSOCIATION OF REALTORS® % Chg Price -3.6% -1.6% -3.9% -5.9% -2.4% -3.6% 3.1% 6.4% 5.9% 9.8% 15.7% 9.3% 15.5% 24.2% 29.6% 11.5% 2.7% -1.8% -31.2% -10.1% 6.3% -5.5% 2.1% % Chg Sales -30.0% 13.2% -1.9% 17.6% 11.0% -14.5% 3.2% 19.3% 22.9% -8.2% -9.8% 3.7% 15.2% -2.7% -11.2% 2.1% -28.2% -28.9% 12.1% 19.6% -0.3% 3.4% 14.6% 35 May 2013
  37. 37. California Regions, Existing Single-Family Home Annual Housing Affordability Index* 1984 - 2012 Region 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 23% 27% 30% 32% 29% 21% 23% 25% 32% 39% California Detached Homes 30% 35% 42% 44% 45% 37% 37% 41% 48% 53% United States Condominiums 38% 42% 47% 49% 52% 50% 51% 52% 57% 60% Central Valley N.A. N.A. N.A. N.A. N.A. N.A. 38% 41% 46% 53% High Desert N.A. N.A. N.A. N.A. N.A. N.A. 52% 53% 59% 64% Los Angeles 17% 23% 26% 27% 26% 17% 19% 22% 28% 36% Monterey Region N.A. N.A. N.A. N.A. N.A. N.A. 13% 17% 24% 29% No. California N.A. N.A. N.A. N.A. N.A. N.A. 26% 33% 37% 42% Northern Wine N.A. N.A. N.A. N.A. N.A. N.A. 23% 26% 31% 37% Orange County 20% 25% 31% 29% 29% 20% 22% 26% 35% 44% Palm Springs/Lower Desert N.A. N.A. N.A. N.A. N.A. N.A. 36% 38% 42% 48% Riverside/San Bernardino 34% 39% 43% 47% 49% 39% 37% 41% 47% 53% Sacramento 38% 44% 49% 52% 53% 44% 35% 39% 47% 54% San Diego 24% 27% 30% 31% 34% 22% 23% 27% 34% 41% San Francisco Bay Area 14% 15% 16% 18% 25% 15% 17% 20% 27% 34% San Luis Obispo N.A. N.A. N.A. N.A. N.A. N.A. 15% 21% 29% 34% Santa Barbara N.A. N.A. N.A. N.A. N.A. N.A. 17% 22% 27% 35% Santa Clara N.A. N.A. N.A. N.A. N.A. 18% 19% 25% 34% 41% N.A. N.A. N.A. N.A. 27% 16% 20% 27% 37% 47% Ventura * Percent of households who can afford to purchase the median-priced home CALIFORNIA ASSOCIATION OF REALTORS® 36 May 2013
  38. 38. California Regions, Existing Single-Family Home Annual Housing Affordability Index* 1984 - 2012 Region 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Detached Homes 39% 38% 40% 40% 40% 37% 31% 34% 29% 26% Condominiums California 52% 51% 54% 54% 52% 50% 44% 46% 42% 38% United States 58% 56% 56% 55% 56% 55% 53% 57% 57% 58% Central Valley 54% 53% 55% 57% 57% 54% 48% 47% 41% 37% High Desert 66% 65% 65% 67% 69% 73% 69% 68% 66% 62% Los Angeles 37% 36% 39% 39% 39% 40% 35% 36% 31% 27% Monterey Region 29% 29% 28% 26% 27% 23% 15% 18% 18% 17% No. California 43% 42% 43% 45% 45% 41% 37% 39% 35% 30% Northern Wine 37% 35% 40% 40% 38% 30% 20% 21% 19% 17% Orange County 42% 39% 40% 38% 36% 34% 27% 30% 24% 20% Palm Springs/Lower Desert 47% 44% 46% 44% 42% 42% 35% 31% 24% 21% Riverside/San Bernardino 52% 51% 54% 57% 56% 53% 48% 49% 45% 37% Sacramento 56% 56% 60% 61% 62% 58% 53% 51% 45% 41% San Diego 40% 38% 38% 38% 38% 33% 24% 26% 22% 19% San Francisco Bay Area 33% 31% 30% 29% 30% 27% 18% 21% 20% 20% San Luis Obispo 37% 37% 38% 36% 39% 33% 24% 26% 22% 19% Santa Barbara 33% 32% 32% 28% 32% 30% 23% 23% 19% 17% Santa Clara 41% 36% 34% 30% 29% 28% 18% 24% 25% 27% 44% 43% 43% 42% 44% 41% 31% * Percent of households who can afford to purchase the median-priced home 36% 32% 26% Ventura CALIFORNIA ASSOCIATION OF REALTORS® 37 May 2013
  39. 39. California Regions, Existing Single-Family Home Annual Housing Affordability Index* 1984 - 2012 Region 2004 2005 2006 2007 2008 2009 2010 2011 2012 Detached Homes 20% 16% 12% 13% 33% 51% 48% 53% 51% Condominiums California 29% 23% 21% 22% 39% 55% 56% 56% 62% United States 55% 50% 45% 47% 53% 64% 65% 68% 69% Central Valley 29% 19% 21% 12% NA NA NA NA NA High Desert 46% 31% 22% 29% 56% 75% 74% NA NA Los Angeles 19% 14% 10% 11% 24% 38% 42% 46% 47% Monterey Region 12% 9% 8% 8% 27% 52% 44% NA NA No. California 22% 16% 19% 23% 36% 48% 52% NA NA Northern Wine 13% 8% 9% 12% 27% 40% 41% NA NA Orange County 13% 11% 11% 12% 24% 34% 29% 34% 36% Palm Springs/Lower Desert 13% 11% 18% 19% 37% 61% 58% NA NA Riverside/San Bernardino 24% 18% 17% 22% 47% 66% 63% NA NA Sacramento 29% 21% 22% 28% 53% 67% 68% 72% 73% San Diego 12% 10% 9% 12% 29% 40% 38% 42% 44% San Francisco Bay Area 15% 12% 12% 11% 19% 36% 31% NA NA San Luis Obispo 15% 10% 8% 10% 20% 30% 35% 40% 40% Santa Barbara 11% 8% 7% 7% 26% 37% 29% 38% 34% Santa Clara 23% 19% 14% 12% 21% 37% 32% 36% 35% Ventura 17% 13% 11% 12% 31% 40% 40% 45% 48% * Percent of households who can afford to purchase the median-priced home CALIFORNIA ASSOCIATION OF REALTORS® 38 May 2013
  40. 40. California and U.S. Existing Single-Family Home Monthly/Quarterly Housing Affordability Index* 1988 - 2012 1988 1989 1990 1991 Month/ Quarter Jan 1988 Feb 1988 Mar 1988 Apr 1988 May 1988 Jun 1988 Jul 1988 Aug 1988 Sep 1988 Oct 1988 Nov 1988 Dec 1988 Jan 1989 Feb 1989 Mar 1989 Apr 1989 May 1989 Jun 1989 Jul 1989 Aug 1989 Sep 1989 Oct 1989 Nov 1989 Dec 1989 Jan 1990 Feb 1990 Mar 1990 Apr 1990 May 1990 Jun 1990 Jul 1990 Aug 1990 Sep 1990 Oct 1990 Nov 1990 Dec 1990 Jan 1991 Feb 1991 Mar 1991 Apr 1991 May 1991 Jun 1991 Jul 1991 Aug 1991 Sep 1991 Oct 1991 Nov 1991 Dec 1991 California Detached Homes Condominiums 34 48 34 46 33 46 31 48 30 46 28 45 27 45 27 43 26 44 26 42 25 43 26 43 24 41 22 40 21 40 19 38 18 37 18 35 19 34 20 35 20 36 21 36 22 35 23 37 22 37 22 36 22 37 22 36 22 36 22 35 23 36 23 37 24 39 25 39 24 38 25 41 25 40 24 41 24 40 23 38 22 39 24 40 24 41 25 40 26 41 27 42 29 44 29 44 CALIFORNIA ASSOCIATION OF REALTORS® 39 United States Detached Homes 52 52 52 53 52 51 51 51 53 52 52 52 53 52 51 50 49 49 49 49 50 51 50 51 51 51 50 50 50 48 49 51 51 53 53 54 52 53 52 51 51 51 50 51 53 54 56 55 Housing Affordability Index for California regions and counties is reported in C.A.R.'s County Economic Profiles. For information on subscribing, call the CEP Coordinator at 213-739-8278, or go to www.clarusreso urce.com/datam ine. May 2013
  41. 41. California and U.S. Existing Single-Family Home Monthly/Quarterly Housing Affordability Index* 1988 - 2012 1992 1993 1994 1995 Month/ Quarter Jan 1992 Feb 1992 Mar 1992 Apr 1992 May 1992 Jun 1992 Jul 1992 Aug 1992 Sep 1992 Oct 1992 Nov 1992 Dec 1992 Jan 1993 Feb 1993 Mar 1993 Apr 1993 May 1993 Jun 1993 Jul 1993 Aug 1993 Sep 1993 Oct 1993 Nov 1993 Dec 1993 Jan 1994 Feb 1994 Mar 1994 Apr 1994 May 1994 Jun 1994 Jul 1994 Aug 1994 Sep 1994 Oct 1994 Nov 1994 Dec 1994 Jan 1995 Feb 1995 Mar 1995 Apr 1995 May 1995 Jun 1995 Jul 1995 Aug 1995 Sep 1995 Oct 1995 Nov 1995 Dec 1995 California Detached Homes Condominiums 31 46 30 46 29 44 29 44 29 45 30 47 32 48 34 48 34 51 35 49 36 50 35 53 36 52 38 54 38 54 38 52 39 51 39 52 39 53 40 52 41 52 42 55 42 58 42 58 42 56 43 55 41 54 40 53 39 50 37 49 37 52 37 52 37 50 38 51 38 50 38 50 38 50 38 50 37 50 37 49 38 50 38 50 38 51 37 51 37 51 39 53 39 51 40 53 CALIFORNIA ASSOCIATION OF REALTORS® 40 United States Detached Homes 56 55 55 55 55 55 57 57 58 58 58 58 59 60 60 60 59 58 59 59 60 61 61 60 60 61 60 59 57 56 56 55 57 57 57 56 57 57 56 56 56 55 55 54 55 56 56 57 May 2013
  42. 42. California and U.S. Existing Single-Family Home Monthly/Quarterly Housing Affordability Index* 1988 - 2012 1996 1997 1998 1999 Month/ Quarter Jan 1996 Feb 1996 Mar 1996 Apr 1996 May 1996 Jun 1996 Jul 1996 Aug 1996 Sep 1996 Oct 1996 Nov 1996 Dec 1996 Jan 1997 Feb 1997 Mar 1997 Apr 1997 May 1997 Jun 1997 Jul 1997 Aug 1997 Sep 1997 Oct 1997 Nov 1997 Dec 1997 Jan 1998 Feb 1998 Mar 1998 Apr 1998 May 1998 Jun 1998 Jul 1998 Aug 1998 Sep 1998 Oct 1998 Nov 1998 Dec 1998 Jan 1999 Feb 1999 Mar 1999 Apr 1999 May 1999 Jun 1999 Jul 1999 Aug 1999 Sep 1999 Oct 1999 Nov 1999 Dec 1999 California Detached Homes Condominiums 41 53 42 54 40 54 39 53 38 52 38 53 37 53 38 54 39 54 41 54 42 55 43 58 42 56 44 57 41 55 40 53 39 54 38 53 38 54 38 53 38 50 39 53 39 52 41 54 41 54 43 52 40 52 39 53 39 50 37 51 37 52 38 52 40 53 43 54 42 53 42 54 42 54 43 51 39 48 38 51 37 50 36 49 36 48 35 48 36 48 37 50 36 48 36 49 CALIFORNIA ASSOCIATION OF REALTORS® 41 United States Detached Homes 57 58 57 56 55 53 53 54 55 56 56 57 56 57 56 55 54 53 54 54 54 55 56 55 56 57 56 56 55 54 54 55 56 57 56 57 56 57 56 56 56 54 54 53 54 55 55 55 May 2013
  43. 43. California and U.S. Existing Single-Family Home Monthly/Quarterly Housing Affordability Index* 1988 - 2012 2000 2001 2002 2003 Month/ Quarter Jan 2000 Feb 2000 Mar 2000 Apr 2000 May 2000 Jun 2000 Jul 2000 Aug 2000 Sep 2000 Oct 2000 Nov 2000 Dec 2000 Jan 2001 Feb 2001 Mar 2001 Apr 2001 May 2001 Jun 2001 Jul 2001 Aug 2001 Sep 2001 Oct 2001 Nov 2001 Dec 2001 Jan 2002 Feb 2002 Mar 2002 Apr 2002 May 2002 Jun 2002 Jul 2002 Aug 2002 Sep 2002 Oct 2002 Nov 2002 Dec 2002 Jan 2003 Feb 2003 Mar 2003 Apr 2003 May 2003 Jun 2003 Jul 2003 Aug 2003 Sep 2003 Oct 2003 Nov 2003 Dec 2003 California Detached Homes Condominiums 34 47 34 46 32 46 32 44 31 44 30 43 31 43 29 42 31 42 31 42 31 43 32 45 35 45 36 46 34 45 34 47 34 45 32 45 32 45 30 47 33 46 36 48 35 48 33 46 31 45 30 44 29 42 27 41 28 41 27 41 28 40 28 45 29 42 30 42 30 41 28 42 29 42 30 41 28 41 27 39 27 39 27 39 27 39 23 37 24 35 25 36 25 36 23 34 CALIFORNIA ASSOCIATION OF REALTORS® 42 United States Detached Homes 54 54 53 53 53 52 51 52 53 54 54 55 57 57 56 57 56 54 55 55 57 59 59 57 57 58 57 56 56 54 56 56 58 58 58 58 59 59 59 59 59 57 57 56 56 57 57 56 May 2013
  44. 44. California and U.S. Existing Single-Family Home Monthly/Quarterly Housing Affordability Index* 1988 - 2012 2004 2005 2006 2007 2008 2009 2010 2011 Month/ Quarter Jan 2004 Feb 2004 Mar 2004 Apr 2004 May 2004 Jun 2004 Jul 2004 Aug 2004 Sep 2004 Oct 2004 Nov 2004 Dec 2004 Jan 2005 Feb 2005 Mar 2005 Apr 2005 May 2005 Jun 2005 Jul 2005 Aug 2005 Sep 2005 Oct 2005 Nov 2005 Dec 2005 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 California Detached Homes Condominiums 23 36 25 34 21 31 20 31 19 28 18 26 19 27 18 27 19 28 19 28 19 27 19 25 18 27 19 26 18 25 17 23 16 22 16 22 16 22 14 21 15 22 15 21 14 21 14 21 13 21 12 21 12 21 12 22 13 22 11 21 11 22 18 24 26 32 29 34 34 38 43 50 55 58 53 56 48 52 47 52 50 55 46 54 46 57 50 59 53 60 51 60 51 62 55 63 CALIFORNIA ASSOCIATION OF REALTORS® 43 United States Detached Homes 58 58 57 57 55 53 53 54 55 55 55 55 55 55 54 50 51 49 49 48 49 48 48 49 46 44 44 46 48 45 45 49 54 51 51 58 64 64 62 65 66 64 64 67 69 67 66 70 May 2013
  45. 45. California and U.S. Existing Single-Family Home Monthly/Quarterly Housing Affordability Index* 1988 - 2012 2012 Month/ Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 4 California Detached Homes Condominiums 56 65 51 62 49 60 48 59 United States Detached Homes 71 67 67 69 * Percent of households that can afford to purchase the median-priced home ** The housing affordability index has been reported on a quarterly basis since 2006. CALIFORNIA ASSOCIATION OF REALTORS® 44 May 2013
  46. 46. California Counties, Existing Single-Family Home Quarterly and Annual Housing Affordability Index* 2010 - 2012 2010 Region Quarter 1 Quarter 2 Quarter 3 Quarter 4 Annual California Detached Homes 50 46 46 50 48 Condominiums 55 54 57 59 56 United States 66 64 64 67 65 Alameda 34 30 31 33 32 Contra-Costa (Central County) 25 21 21 26 23 Fresno 64 63 65 67 65 Kings County 64 62 64 66 64 Los Angeles 43 43 38 43 42 Madera 65 67 68 70 68 Marin 24 21 23 25 23 Merced 77 73 75 76 75 Monterey 56 52 56 58 56 Napa 44 42 41 47 44 Orange 28 27 28 33 29 Placer 58 58 60 62 60 Riverside 63 60 61 64 62 Sacramento 68 65 68 70 68 San Bernardino 75 74 74 76 75 San Diego 38 37 38 40 38 San Francisco 21 19 22 22 21 San Luis Obispo 34 31 36 37 35 San Mateo 22 20 21 25 22 Santa Barbara 34 25 26 32 29 Santa Clara 34 28 30 35 32 Santa Cruz 27 26 28 29 28 Solano 70 69 71 71 70 Sonoma 40 40 40 44 41 Tulare 66 66 68 71 68 Ventura 39 39 40 41 40 * Percent of households who can afford to purchase an entry-level home **Histroical data for Housing Affordability Index at the county level is not available before 2010. CALIFORNIA ASSOCIATION OF REALTORS® 45 May 2013
  47. 47. California Counties, Existing Single-Family Home Quarterly and Annual Housing Affordability Index* 2010 - 2012 2011 Region Quarter 1 Quarter 2 Quarter 3 Quarter 4 Annual California Detached Homes 53 51 51 55 53 Condominiums 60 60 62 63 61 United States 69 67 66 70 68 Alameda 35 35 36 39 36 Contra-Costa (Central County) 30 26 27 37 30 Fresno 69 70 69 71 70 Kings County 71 72 76 75 74 Los Angeles 46 46 42 48 46 Madera 68 72 74 75 72 Marin 27 24 25 29 26 Merced 76 76 74 77 76 Monterey 58 56 56 56 57 Napa 48 47 48 50 48 Orange 33 31 33 38 34 Placer 64 64 65 67 65 Riverside 63 64 65 66 65 Sacramento 71 72 72 74 72 San Bernardino 76 77 77 78 77 San Diego 40 41 42 46 42 San Francisco 25 24 26 26 25 San Luis Obispo 40 37 40 41 40 San Mateo 30 22 29 29 28 Santa Barbara 37 35 38 41 38 Santa Clara 38 32 34 40 36 Santa Cruz 34 32 32 37 34 Solano 74 75 75 76 75 Sonoma 47 46 46 51 48 Tulare 72 73 73 73 73 Ventura 44 41 45 49 45 * Percent of households who can afford to purchase an entry-level home **Histroical data for Housing Affordability Index at the county level is not available before 2010. CALIFORNIA ASSOCIATION OF REALTORS® 46 May 2013
  48. 48. California Counties, Existing Single-Family Home Quarterly and Annual Housing Affordability Index* 2010 - 2012 2012 Region Quarter 1 Quarter 2 Quarter 3 Quarter 4 Annual California Detached Homes 56 51 49 48 51 Condominiums 65 62 60 59 62 United States 71 67 67 69 69 Alameda 45 38 34 36 38 Contra-Costa (Central County) 36 26 28 31 30 Fresno 72 71 69 70 71 Kings County 74 75 74 76 75 Los Angeles 51 49 42 44 47 Madera 77 74 76 74 75 Marin 32 27 27 28 29 Merced 77 77 74 74 76 Monterey 54 55 52 50 53 Napa 50 50 45 48 48 Orange 39 35 34 34 36 Placer 67 65 64 64 65 Riverside 66 65 63 62 64 Sacramento 74 74 73 71 73 San Bernardino 78 78 77 76 77 San Diego 46 44 43 43 44 San Francisco 29 24 25 22 25 San Luis Obispo 41 41 37 40 40 San Mateo 33 23 24 24 26 Santa Barbara 46 32 31 27 34 Santa Clara 42 32 32 32 35 Santa Cruz 35 34 30 34 33 Solano 77 77 77 73 76 Sonoma 51 49 46 46 48 Tulare 75 74 73 71 73 Ventura 50 48 47 48 48 * Percent of households who can afford to purchase an entry-level home **Histroical data for Housing Affordability Index at the county level is not available before 2010. CALIFORNIA ASSOCIATION OF REALTORS® 47 May 2013
  49. 49. California Regions, Existing Single-Family Home Annual First-Time Buyer Housing Affordability Index 2000 - 2012 Region 2000 2001 2002 2003 2004 2005 2006 Detached Homes 52% 55% 53% 51% 43% 34% 28% Condominiums 63% 66% 65% 62% 53% 44% 40% United States 70% 73% 75% 75% 73% 67% 64% High Desert 81% 81% 82% 79% 69% 52% 43% Los Angeles 55% 57% 55% 51% 41% 29% 23% Monterey Region 32% 38% 42% 41% 32% 23% 21% No. California 56% 59% 58% 54% 45% 39% 37% Northern Wine 41% 44% 45% 43% 36% 29% 25% Orange County 50% 54% 52% 47% 35% 29% 26% Palm Springs/Lower Desert 55% 53% 47% 44% 32% 36% 35% Riverside/San Bernardino 66% 68% 68% 62% 50% 44% 37% Sacramento 71% 70% 69% 66% 54% 46% 43% San Diego 46% 48% 47% 44% 32% 27% 25% San Francisco Bay Area 36% 42% 45% 45% 37% 33% 27% San Luis Obispo 45% 49% 47% 44% 39% 27% 22% Santa Barbara 42% 44% 43% 41% 29% 22% 17% Santa Clara 37% 46% 51% 54% 50% 38% 31% Ventura 55% 59% 60% 55% 42% 31% 27% California * Percent of households who can afford to purchase an entry-level home CALIFORNIA ASSOCIATION OF REALTORS® 48 May 2013
  50. 50. California Regions, Existing Single-Family Home Annual First-Time Buyer Housing Affordability Index 2000 - 2012 Region 2007 2008 2009 2010 2011 2012 Detached Homes 29% 53% 66% 67% 72% 69% Condominiums 41% 58% 70% 73% 78% 77% United States 65% 71% 76% 79% 82% 82% High Desert 50% 72% 84% 84% NA NA Los Angeles 24% 43% 54% 60% 66% 65% Monterey Region 20% 47% 68% 65% NA NA No. California 42% 56% 63% 69% NA NA Northern Wine 29% 48% 59% 62% NA NA Orange County 27% 44% 53% 52% 59% 59% Palm Springs/Lower Desert 36% 56% 75% 74% NA NA Riverside/San Bernardino 43% 65% 78% 78% NA NA Sacramento 50% 71% 79% 81% 85% 80% San Diego 28% 49% 58% 59% 65% 65% San Francisco Bay Area 24% 38% 54% 52% NA NA San Luis Obispo 25% 39% 48% 56% 62% 61% Santa Barbara 16% 45% 55% 51% 60% 56% Santa Clara 27% 40% 56% 55% 61% 58% Ventura 30% 52% 60% 62% 68% 69% California * Percent of households who can afford to purchase an entry-level home CALIFORNIA ASSOCIATION OF REALTORS® 49 May 2013
  51. 51. California and U.S. Existing Single-Family Home Quarterly First-Time Buyer Housing Affordability Index* 2000 - 2012 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 California Detached Homes Condominiums 55 65 51 63 50 61 50 61 54 63 55 65 54 66 57 68 54 65 52 64 54 65 53 65 54 65 51 63 49 61 49 60 48 59 41 52 41 51 40 49 38 48 34 45 32 43 30 41 29 40 26 38 27 39 28 41 29 41 26 39 27 38 35 44 46 52 49 54 55 59 61 67 69 72 67 70 64 68 64 68 67 71 65 71 66 73 68 75 72 77 65 73 71 79 67 75 73 79 69 77 67 76 66 75 United States Detached Homes 71 69 68 70 72 72 73 75 75 75 75 76 76 75 74 75 76 73 72 71 70 67 65 64 65 63 63 65 66 64 64 67 71 69 70 74 77 76 76 78 79 78 79 81 82 82 81 83 83 81 80 82 Quarterly Housing Affordability Index for California regions and counties is reported in C.A.R.'s County Economic Profiles. For information on subscribing, call the CEP Coordinator at 213-739-8278, or go to www.clarusresource.com/d atamine. * Percent of households who can afford to purchase an entry-level home. CALIFORNIA ASSOCIATION OF REALTORS® 50 May 2013
  52. 52. California Counties, Existing Single-Family Home Quarterly and Annual First-Time Buyer Housing Affordability Index* 2010 - 2012 2010 Region Quarter 1 Quarter 2 Quarter 3 Quarter 4 Annual California Detached Homes 67 65 66 68 67 Condominiums 71 71 73 75 73 United States 79 78 79 81 79 Alameda 55 52 53 56 54 Contra-Costa (Central County) 47 44 44 51 46 Fresno 78 78 79 81 79 Kings County 79 79 80 82 80 Los Angeles 61 61 57 62 60 Madera 79 81 81 83 81 Marin 41 38 42 45 42 Merced 86 84 85 87 85 Monterey 74 72 75 76 74 Napa 64 63 63 69 65 Orange 50 50 51 56 52 Placer 75 76 77 79 77 Riverside 77 76 77 79 77 Sacramento 81 80 81 83 81 San Bernardino 85 85 85 86 85 San Diego 58 58 60 62 59 San Francisco 38 37 41 42 39 San Luis Obispo 54 53 57 59 56 San Mateo 43 41 43 49 44 Santa Barbara 55 46 48 54 51 Santa Clara 56 52 54 59 55 Santa Cruz 46 46 49 51 48 Solano 83 83 85 85 84 Sonoma 62 62 63 67 63 Tulare 79 80 82 84 81 Ventura 60 61 63 64 62 * Percent of households who can afford to purchase an entry-level home. **Histroical data for Housing Affordability Index at the county level is not available before 2010. CALIFORNIA ASSOCIATION OF REALTORS® 51 May 2013
  53. 53. California Counties, Existing Single-Family Home Quarterly and Annual First-Time Buyer Housing Affordability Index* 2010 - 2012 2011 Region Quarter 1 Quarter 2 Quarter 3 Quarter 4 Annual California Detached Homes 72 65 71 67 69 Condominiums 77 73 79 75 76 United States 82 82 81 83 82 Alameda 59 53 60 61 58 Contra-Costa (Central County) 56 53 53 61 56 Fresno 83 80 83 83 82 Kings County 85 86 88 84 86 Los Angeles 65 67 63 67 66 Madera 82 86 87 87 86 Marin 50 46 47 51 49 Merced 87 87 86 87 87 Monterey 77 77 76 76 76 Napa 70 71 71 72 71 Orange 58 57 59 62 59 Placer 81 77 82 79 80 Riverside 80 81 81 81 81 Sacramento 84 85 85 83 84 San Bernardino 87 88 88 88 88 San Diego 63 58 65 67 63 San Francisco 46 46 48 47 47 San Luis Obispo 63 61 63 63 63 San Mateo 55 47 51 54 52 Santa Barbara 60 51 63 57 58 Santa Clara 63 59 60 64 62 Santa Cruz 58 57 56 59 58 Solano 87 88 87 88 87 Sonoma 70 70 70 66 69 Tulare 85 86 86 85 86 Ventura 68 67 68 71 69 * Percent of households who can afford to purchase an entry-level home. **Histroical data for Housing Affordability Index at the county level is not available before 2010. CALIFORNIA ASSOCIATION OF REALTORS® 52 May 2013
  54. 54. California Counties, Existing Single-Family Home Quarterly and Annual First-Time Buyer Housing Affordability Index* 2010 - 2012 2012 Region Quarter 1 Quarter 2 Quarter 3 Quarter 4 Annual California Detached Homes 73 69 67 66 69 Condominiums 79 77 76 75 77 United States 83 81 80 82 82 Alameda 65 60 56 57 60 Contra-Costa (Central County) 60 50 52 54 54 Fresno 84 83 82 82 83 Kings County 86 86 86 87 86 Los Angeles 68 67 61 62 65 Madera 88 86 87 86 87 Marin 53 47 47 47 49 Merced 87 87 85 85 86 Monterey 74 74 72 70 73 Napa 71 70 67 68 69 Orange 62 58 57 57 59 Placer 82 81 80 79 81 Riverside 80 79 78 77 79 Sacramento 86 85 84 83 85 San Bernardino 88 88 87 86 87 San Diego 67 65 64 63 65 San Francisco 50 43 45 41 45 San Luis Obispo 62 62 58 60 61 San Mateo 57 46 46 47 49 Santa Barbara 67 54 53 48 56 Santa Clara 65 56 56 55 58 Santa Cruz 57 56 51 55 55 Solano 88 88 87 85 87 Sonoma 72 70 68 67 69 Tulare 86 85 85 83 85 Ventura 71 69 68 68 69 * Percent of households who can afford to purchase an entry-level home. **Histroical data for Housing Affordability Index at the county level is not available before 2010. CALIFORNIA ASSOCIATION OF REALTORS® 53 May 2013
  55. 55. California Existing Single-Family Home Monthly Pending Sales Activity 2008-2012 2008 2009 2010 2011 Month Jan 2008 Feb 2008 Mar 2008 Apr 2008 May 2008 Jun 2008 Jul 2008 Aug 2008 Sep 2008 Oct 2008 Nov 2008 Dec 2008 Jan 2009 Feb 2009 Mar 2009 Apr 2009 May 2009 Jun 2009 Jul 2009 Aug 2009 Sep 2009 Oct 2009 Nov 2009 Dec 2009 Jan 2010 Feb 2010 Mar 2010 Apr 2010 May 2010 Jun 2010 Jul 2010 Aug 2010 Sep 2010 Oct 2010 Nov 2010 Dec 2010 Jan 2011 Feb 2011 Mar 2011 Apr 2011 May 2011 Jun 2011 Jul 2011 Aug 2011 Sep 2011 Oct 2011 Nov 2011 Dec 2011 CALIFORNIA ASSOCIATION OF REALTORS® California 49.2 74.5 88.3 102.2 114.0 114.2 113.0 116.2 117.5 115.6 100.3 95.1 106.4 115.5 144.2 146.9 132.8 131.9 128.1 130.4 127.2 126.4 104.3 91.3 95.6 113.8 129.1 141.6 105.6 113.9 111.5 111.3 109.4 110.2 98.7 82.5 92.7 107.8 123.9 114.4 115.8 115.9 113.0 121.4 114.5 116.1 104.4 88.1 Month-Month Year-to-Year % Change % Change NA -26.1% 51.4% -2.5% 18.5% 12.6% 15.7% 31.3% 11.5% 34.5% 0.2% 47.6% -1.1% 57.3% 2.8% 91.7% 1.1% 130.7% -1.6% 86.3% -13.2% 73.7% -5.2% 108.9% 11.9% 116.3% 8.6% 55.1% 24.8% 63.3% 1.9% 43.8% -9.6% 16.6% -0.7% 15.5% -2.9% 13.4% 1.8% 12.2% -2.5% 8.2% -0.6% 9.4% -17.5% 4.0% -12.4% -3.9% 4.7% -10.1% 19.0% -1.5% 13.4% -10.5% 9.7% -3.6% -25.5% -20.5% 7.9% -13.6% -2.1% -13.0% -0.2% -14.6% -1.7% -13.9% 0.7% -12.9% -10.4% -5.3% -16.5% -9.7% 16.0% -2.0% 16.3% -2.1% 15.0% -1.5% -7.6% -17.8% 1.2% 7.3% 0.1% 5.5% -2.6% 5.2% 7.5% 13.6% -5.7% 10.3% 1.4% 10.5% -10.0% 10.1% -15.7% 10.3% 54 May 2013
  56. 56. California Existing Single-Family Home Monthly Pending Sales Activity 2008-2012 2012 Month Jan 2012 Feb 2012 Mar 2012 Apr 2012 May 2012 Jun 2012 Jul 2012 Aug 2012 Sep 2012 Oct 2012 Nov 2012 Dec 2012 California 100.0 120.0 136.5 126.7 125.9 121.1 115.8 118.9 115.7 121.2 103.5 82.5 Month-Month Year-to-Year % Change % Change 13.6% 7.9% 19.9% 11.3% 13.8% 10.2% -7.2% 10.8% -0.6% 8.7% -3.9% 4.4% -4.4% 2.5% 2.7% -2.0% -3.1% 0.7% 5.0% 4.3% -14.5% -0.9% -20.3% -6.4% C.A.R.’s pending sales information is generated from a survey of more than 70 associations of REALTORS® and MLSs throughout the state. Pending home sales are forward-looking indicators of future home sales activity, offering solid information on future changes in the direction of the market. A sale is listed as pending after a seller has accepted a sales contract on a property. The majority of pending home sales usually becomes closed sales transactions one to two months later. The year 2008 was used as the benchmark for the pending homes sales index. An index of 100 is equal to the average level of contract activity during 2008. CALIFORNIA ASSOCIATION OF REALTORS® 55 May 2013
  57. 57. U.S. and West Region Existing Home (NSA) Monthly Pending Sales Activity 2008 - 2012 2008 2009 2010 2011 2012 Month Jan 2008 Feb 2008 Mar 2008 Apr 2008 May 2008 Jun 2008 Jul 2008 Aug 2008 Sep 2008 Oct 2008 Nov 2008 Dec 2008 Jan 2009 Feb 2009 Mar 2009 Apr 2009 May 2009 Jun 2009 Jul 2009 Aug 2009 Sep 2009 Oct 2009 Nov 2009 Dec 2009 Jan 2010 Feb 2010 Mar 2010 Apr 2010 May 2010 Jun 2010 Jul 2010 Aug 2010 Sep 2010 Oct 2010 Nov 2010 Dec 2010 Jan 2011 Feb 2011 Mar 2011 Apr 2011 May 2011 Jun 2011 Jul 2011 Aug 2011 Sep 2011 Oct 2011 Nov 2011 Dec 2011 Jan 2012 Feb 2012 Mar 2012 Apr 2012 May 2012 Jun 2012 Jul 2012 Aug 2012 Sep 2012 Oct 2012 Nov 2012 Dec 2012 United States 73.2 80.4 93.5 103.2 100.1 106.5 95.4 99.4 85.7 84.3 65.7 57.9 68.4 75.3 95.5 107.1 105.5 116.3 107.7 111.4 102.7 108.5 78.1 63.2 74.3 88.3 119.7 133.4 89.0 92.7 85.4 90.9 77.1 84.0 75.9 61.1 70.9 79.0 104.3 97.9 102.8 108.7 94.0 102.8 83.2 90.1 81.1 63.8 78.2 90.8 115.3 112.3 117.9 117.8 108.3 112.7 90.4 106.1 88.2 66.8 Month % Change 33.6% 9.8% 16.3% 10.4% -3.0% 6.4% -10.4% 4.2% -13.8% -1.6% -22.1% -11.9% 18.1% 10.1% 26.8% 12.1% -1.5% 10.2% -7.4% 3.4% -7.8% 5.6% -28.0% -19.1% 17.6% 18.8% 35.6% 11.4% -33.3% 4.2% -7.9% 6.4% -15.2% 8.9% -9.6% -19.5% 16.0% 11.4% 32.0% -6.1% 5.0% 5.7% -13.5% 9.4% -19.1% 8.3% -10.0% -21.3% 22.6% 16.1% 27.0% -2.6% 5.0% -0.1% -8.1% 4.1% -19.8% 17.4% -16.9% -24.3% Year % Change -19.7% -18.1% -21.7% -13.0% -14.8% -11.6% -5.9% 5.1% 7.7% -3.9% -9.5% 5.7% -6.6% -6.3% 2.1% 3.8% 5.4% 9.2% 12.9% 12.1% 19.8% 28.7% 18.9% 9.2% 8.6% 17.3% 25.3% 24.6% -15.6% -20.3% -20.7% -18.4% -24.9% -22.6% -2.8% -3.3% -4.6% -10.5% -12.9% -26.6% 15.5% 17.3% 10.1% 13.1% 7.9% 7.3% 6.9% 4.4% 10.3% 14.9% 10.5% 14.7% 14.7% 8.4% 15.2% 9.6% 8.7% 17.8% 8.8% 4.7% West Region 88.5 88.9 98.9 100.7 106.0 112.8 100.2 120.9 111.9 109.6 87.8 69.1 97.6 79.0 98.6 98.5 106.6 112.8 121.7 146.3 140.9 128.0 109.8 79.7 96.8 90.4 111.8 109.4 91.3 96.9 96.2 119.2 107.7 105.3 110.3 72.5 93.2 84.1 101.5 87.6 104.9 111.9 108.9 139.5 118.2 112.3 114.2 74.1 95.0 86.8 107.3 93.1 112.4 110.6 113.1 135.7 112.5 118.8 112.0 69.1 Month % Change 57.8% 0.5% 11.2% 1.8% 5.3% 6.4% -11.2% 20.7% -7.4% -2.1% -19.9% -21.3% 41.2% -19.1% 24.8% -0.1% 8.2% 5.8% 7.9% 20.2% -3.7% -9.2% -14.2% -27.4% 21.5% -6.6% 23.7% -2.1% -16.5% 6.1% -0.7% 23.9% -9.6% -2.2% 4.7% -34.3% 28.6% -9.8% 20.7% -13.7% 19.7% 6.7% -2.7% 28.1% -15.3% -5.0% 1.7% -35.1% 28.2% -8.6% 23.6% -13.2% 20.7% -1.6% 2.3% 20.0% -17.1% 5.6% -5.7% -38.3% Year % Change -12.5% -5.5% -10.7% 4.8% -1.9% 0.1% 11.8% 29.9% 45.3% 18.9% 13.3% 23.2% 10.3% -11.1% -0.3% -2.2% 0.6% 0.0% 21.5% 21.0% 25.9% 16.8% 25.1% 15.3% -0.8% 14.4% 13.4% 11.1% -14.4% -14.1% -21.0% -18.5% -23.6% -17.7% 0.5% -9.0% -3.7% -7.0% -9.2% -19.9% 14.9% 15.5% 13.2% 17.0% 9.7% 6.6% 3.5% 2.2% 1.9% 3.2% 5.7% 6.3% 7.1% -1.2% 3.9% -2.7% -4.8% 5.8% -1.9% -6.7% NAR receives data from over 100 MLSs & 60 large brokers across the nation. An index of 100 is equal to the average level of contract activity during 2001, the first year to be analyzed. 2001 sales are fairly close to the higher level of home sales expected in the coming decade relative to the norms experienced in the mid-1990s. As such, an index of 100 coincides with a historically high level of home sales activity. Source: NAR CALIFORNIA ASSOCIATION OF REALTORS® 56 May 2013

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