2022 November Monthly Housing Market Outlook

California
Housing Market
Update
Monthly Sales and
Price Statistics
November 2022

Existing Home Sales
% change
-47.7% YTY
California Housing Market Snapshot
page
02
Price
$777,500
-0.6% Y2Y
Unsold
Inventory Index
3.3 months
+106.3% Y2Y
Median Days
on Market
24 days
+118.2% Y2Y
November 2022
CALIFORNIA ASSOCIATION OF REALTORS®
-21.2% YTD
237,740

Existing Home Sales
% change
-46.9% YTY
November 2022 Southern California Housing Snapshot
page
3
Unsold
Inventory Index
3.6 months
Median Days
on Market
24 days
Sales Price to
List Price Ratio
96.7%
-25.2% YTD
Existing Home Price
% change
$750,000
0.0% YTY

Existing Home Sales
% change
-43.5% YTY
November 2022 Central Coast Housing Snapshot
page
4
Unsold
Inventory Index
3.1 months
Median Days
on Market
23 days
Sales Price to
List Price Ratio
96.6%
-27.8% YTD
Existing Home Price
% change
$900,000
+0.1% YTY

Existing Home Sales
% change
-42.3% YTY
November 2022 Central Valley Housing Snapshot
page
5
Unsold
Inventory Index
3.3 months
Median Days
on Market
23 days
Sales Price to
List Price Ratio
96.5%
-18.5% YTD
Existing Home Price
% change
$445,990
-1.3% YTY

Existing Home Sales
% change
-43.0% YTY
November 2022 Bay Area Housing Snapshot
page
6
Unsold
Inventory Index
2.2 months
Median Days
on Market
21 days
Sales Price to
List Price Ratio
97.4%
-25.0% YTD
Existing Home Price
% change
$1,225,000
-5.8% YTY

Existing Home Sales
% change
-37.7% YTY
November 2022 Far North Housing Snapshot
page
7
Unsold
Inventory Index
4.7 months
Median Days
on Market
35 days
Sales Price to
List Price Ratio
95.9%
-13.9% YTD
Existing Home Price
% change
$366,000
-3.7% YTY

Sales bare the brunt of the most rapid growth in rates
page
9
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
Jan-05
Sep-05
May-06
Jan-07
Sep-07
May-08
Jan-09
Sep-09
May-10
Jan-11
Sep-11
May-12
Jan-13
Sep-13
May-14
Jan-15
Sep-15
May-16
Jan-17
Sep-17
May-18
Jan-19
Sep-19
May-20
Jan-21
Sep-21
May-22
California, November 2022 Sales: 237,740 Units, -21.2% YTD,
-47.7% YTY, -13.2% MTM
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Sales drop by nearly 50% the steepest year-over-year
decline on record
page
10
-47.7%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
Year-over-Year % Chg 6 per. Mov. Avg. (Year-over-Year % Chg)

Bay Area sales continue downward trend
page
11
-43.0%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
120%
Jan-10
May-10
Sep-10
Jan-11
May-11
Sep-11
Jan-12
May-12
Sep-12
Jan-13
May-13
Sep-13
Jan-14
May-14
Sep-14
Jan-15
May-15
Sep-15
Jan-16
May-16
Sep-16
Jan-17
May-17
Sep-17
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
May-20
Sep-20
Jan-21
May-21
Sep-21
Jan-22
May-22
Sep-22
YoY
%
chg.
Bay Area 6 per. Mov. Avg. (Bay Area)

So. California sales decline further
page
12
-46.9%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
Jan-10
May-10
Sep-10
Jan-11
May-11
Sep-11
Jan-12
May-12
Sep-12
Jan-13
May-13
Sep-13
Jan-14
May-14
Sep-14
Jan-15
May-15
Sep-15
Jan-16
May-16
Sep-16
Jan-17
May-17
Sep-17
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
May-20
Sep-20
Jan-21
May-21
Sep-21
Jan-22
May-22
Sep-22
So CA 6 per. Mov. Avg. (So CA)
YoY
%
chg.

Central Valley sales slip steeply
page
13
-42.3%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
Jan-10
May-10
Sep-10
Jan-11
May-11
Sep-11
Jan-12
May-12
Sep-12
Jan-13
May-13
Sep-13
Jan-14
May-14
Sep-14
Jan-15
May-15
Sep-15
Jan-16
May-16
Sep-16
Jan-17
May-17
Sep-17
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
May-20
Sep-20
Jan-21
May-21
Sep-21
Jan-22
May-22
Sep-22
Central Valley 6 per. Mov. Avg. (Central Valley)
YoY
%
chg.

Sales by Region
page
14
-46.9%
-43.5% -43.0% -42.3%
-37.7% -37.7%
-25.2% -27.8% -25.0%
-18.5%
-26.7%
-13.9%
-50%
-40%
-30%
-20%
-10%
0%
November 2022 Home Sales Growth
by Region
YTY % YTD %
Southern
California
45%
Central
Valley
22%
S.F. Bay
Area
20%
Other Counties
6%
Central
Coast
4% Far North
3%
November 2022
Home Sales by Region

Sales fall below last year by at least 41% in all price
segments
page
15
28%
44%
28%
27%
45%
28%
$0 - $499k
$500 - $999k
$1M+
Share by Price Segment
2022
2021
SERIES: Sales of Existing Detached Homes
-41%
-43% -42%
-45% -45%
-43%
-48%
-60%
-40%
-20%
November 2022
(YTY% Chg.)

Sales remain suppressed in all price points
page
16
-100%
-50%
0%
50%
100%
150%
200%
250%
300%
350%
Dec-18
Feb-19
Apr-19
Jun-19
Aug-19
Oct-19
Dec-19
Feb-20
Apr-20
Jun-20
Aug-20
Oct-20
Dec-20
Feb-21
Apr-21
Jun-21
Aug-21
Oct-21
Dec-21
Feb-22
Apr-22
Jun-22
Aug-22
Oct-22
YTY
%
Chg.
in
Sales
$0 - $299k $300 - $399k $400 - $499k $500 - $749k
$750 - $999k $1,000 - $1,999k $2,000k+
SERIES: Percent Change in Sales

Share of $1M+ home sales level off
page
17
28.4%
28.0%
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
%
of
Sales
Share Gap $0-$499k $1,000k and up
SERIES: Sales by Price Range
COVID-19
Outbreak

Pending sales drop more than 50% though decline
decelerates
page
18
-50.6%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Jul-19
Oct-19
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
YTY
%
Chg.
in
Pending
Sales
SERIES: Percent Change in Pending Sales

Pending sales – remain sensitive to interest rates
page
19
-50.6%
-57.3%
-100%
-50%
0%
50%
100%
150%
200%
250%
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Jul-19
Oct-19
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
YTY
%
Chg.
in
Pending
Sales
SFH Condo/Townhome

Pending sales decline across all price points
page
20
-100%
0%
100%
200%
300%
400%
500%
YTY
%
Chg.
in
Pending
Sales
$0 - $299k $300 - $399k $400 - $499k $500 - $749k $750 - $999k $1,000 - $1,999k $2,000k+

Pending sales sensitive to mortgage rate volatility
page
21
-60%
-40%
-20%
0%
20%
40%
60%
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
MTM
%
Chg.
in
pending
Sales
$0 - $299k $300 - $399k $400 - $499k $500 - $749k
$750 - $999k $1,000 - $1,999k $2,000k+

Market demand steps back as rates erode affordability
page
22
SERIES: Sales of Existing Detached Homes
-7%
-11%
-15% -14%
-11%
-19% -17%
-2.7%
-5.5%
1.5%
-9.4%
-14.9%
-17.5%
-28.4%
-30%
-25%
-20%
-15%
-10%
-5%
0%
5%
November 2022 (MTM% Chg.)
Sales Pending

California median home price softens, growth declines
for first time in 30 months
page
24
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
Jan-05
Sep-05
May-06
Jan-07
Sep-07
May-08
Jan-09
Sep-09
May-10
Jan-11
Sep-11
May-12
Jan-13
Sep-13
May-14
Jan-15
Sep-15
May-16
Jan-17
Sep-17
May-18
Jan-19
Sep-19
May-20
Jan-21
Sep-21
May-22
California, November 2022: $777,500, -3.0% MTM, -0.6% YTY
SERIES: Median Price of Existing Single Family Homes

Condo/Townhome median price moderates
page
25
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
Jan-05
Sep-05
May-06
Jan-07
Sep-07
May-08
Jan-09
Sep-09
May-10
Jan-11
Sep-11
May-12
Jan-13
Sep-13
May-14
Jan-15
Sep-15
May-16
Jan-17
Sep-17
May-18
Jan-19
Sep-19
May-20
Jan-21
Sep-21
May-22
Median
Price
California, November 2021: $620,000, November 2022: $612,000
SERIES: Median Price of Existing Condos/Townhomes

Median price growth for condos and single-family
homes decelerates
page
26
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
YTY%
Chg.
in
Price
Condo Single-Family Homes
SERIES: Median Price of Existing SFH & Condo/Townhomes

Price/Square foot leveling off
page
27
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
Jul-18
Jan-19
Jul-19
Jan-20
Jul-20
Jan-21
Jul-21
Jan-22
Jul-22
PRICE
PER
SQ.
FT.
November 2022: $392, -1.8% MTM, -0.3% YTY
SERIES: Median Price Per Square Feet of Existing Single Family Homes

The Price/Square foot gap between home types remains
wide
page
28
$392
$530
$0
$100
$200
$300
$400
$500
$600
$700
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
Jul-18
Jan-19
Jul-19
Jan-20
Jul-20
Jan-21
Jul-21
Jan-22
Jul-22
PRICE
PER
SQ.
FT.
Diff. in Price/Sq. Ft. SFH Condo/Townhome
SERIES: Median Price Per Square Feet of Existing Single Family Homes
and Condo/Townhomes

90%
92%
94%
96%
98%
100%
102%
104%
106%
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
Jul-18
Jan-19
Jul-19
Jan-20
Jul-20
Jan-21
Jul-21
Jan-22
Jul-22
Sales-to-List
Price
Ratio
November 2022: 96.7%, -0.6% MTM, -4.7% YTY
Sales price-to-list price ratio dipped to the lowest level
in over a decade
page
29
SERIES: Sales to List Ratio of Existing Single Family Homes

Share of homes sold above asking price back to
“normal”
page
30
59.2%
72.8%
22.9%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Jul-19
Oct-19
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
%
of
sales
with
price
above
asking
price
SERIES: Sales with sold price above asking price (Existing SFH)

Homes sold above asking price - by county
page
31
56%
0%
0%
10%
20%
30%
40%
50%
60%
November 2022: % sold above asking price
50%
SERIES: % of homes sold above asking price

List price vs. sales price
page
32
-30%
-20%
-10%
0%
10%
20%
30%
40%
50% Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
Jul-18
Jan-19
Jul-19
Jan-20
Jul-20
Jan-21
Jul-21
Jan-22
Jul-22
YTY%
Chg.
in
Price
Listing Price Sales Price
SERIES: List price growth and sales price growth

Price growth moderates, top percentile volatile
page
33
SERIES: Median Price of Existing Single Family Homes
2.3%
0.8% 0.6%
3.7%
2.1%
13.5%
5.6%
2.4%
0.4%
0%
2%
4%
6%
8%
10%
12%
14%
16%
0-20 20-40 40-60 60-80 80-100 80-85 86-90 91-95 96-100
Percentile
Year-over-Year Price Growth

Price growth by percentiles
page
34
-10%
0%
10%
20%
30%
40%
50%
60%
YTY%
Chg.
in
Price
0-20 20-40 40-60 60-80 80-100
SERIES: Percent Change in Price

California Market Velocity and Price Growth
page
35
-40.0%
-20.0%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
-20%
-10%
0%
10%
20%
30%
40%
50%
Market
Velocity
Price Growth Market Velocity (12 month trailing average)
SERIES: Market Velocity & Price Growth

Mortgage payment growth remains above 50%
page
36
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
Jan-16
Aug-16
Mar-17
Oct-17
May-18
Dec-18
Jul-19
Feb-20
Sep-20
Apr-21
Nov-21
Jun-22
YTY%
Chg.
California Median Price vs. Mortgage Payment
Price Growth Mortgage Pmt Growth
3.07%
6.81%
0%
1%
2%
3%
4%
5%
6%
7%
8%
Jan-16
May-16
Sep-16
Jan-17
May-17
Sep-17
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
May-20
Sep-20
Jan-21
May-21
Sep-21
Jan-22
May-22
Sep-22
30 Yr. FRM
SERIES: Price Growth vs. Mortgage Payment Growth

Mortgage payment growth remains above 50%
page
37
-0.6%
52.6%
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Jul-19
Oct-19
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
YTY%
Chg.
California Median Price vs. Mortgage Payment
Price Growth Mortgage Pmt Growth
SERIES: Price Growth vs. Mortgage Payment Growth

Inventory trending upward – remains historically tight
page
39
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
Jan-05
Sep-05
May-06
Jan-07
Sep-07
May-08
Jan-09
Sep-09
May-10
Jan-11
Sep-11
May-12
Jan-13
Sep-13
May-14
Jan-15
Sep-15
May-16
Jan-17
Sep-17
May-18
Jan-19
Sep-19
May-20
Jan-21
Sep-21
May-22
Months
of
Supply
November 2021: 1.6 Months; November 2022: 3.3 Months
SERIES: Unsold Inventory Index of Existing Single Family Homes

Inventory up slightly – back to pre-pandemic levels
page
40
0
1
2
3
4
5
Months
of
Supply
November 2021: 1.6 Months; November 2022: 3.3 Months

Unsold Inventory increases as demands pulls back
page
41
2.2
3.6
3.3
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
Jul-18
Jan-19
Jul-19
Jan-20
Jul-20
Jan-21
Jul-21
Jan-22
Jul-22
Months
of
Supply
Bay Area So CA Central Valley

Active listings are up from a year ago
page
42
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
California Active Listings by Month
2018 2019 2020 2021 2022

Active listings following seasonal patterns
page
43
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
Jan-18
Mar-18
May-18
Jul-18
Sep-18
Nov-18
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Nov-22
California Active Listings by Month

Active listings continue to increase from last
year by double-digits
page
44
80.2%
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
Jan-15
Mar-15
May-15
Jul-15
Sep-15
Nov-15
Jan-16
Mar-16
May-16
Jul-16
Sep-16
Nov-16
Jan-17
Mar-17
May-17
Jul-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Jul-18
Sep-18
Nov-18
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Nov-22
Year-over-Year % Chg
SERIES: Active Listing of Existing Single Family Homes

Supply remains tight as less new listings join the market
page
45
19,766
16,708 17,321
15,112
12,576
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
May-20
Sep-20
Jan-21
May-21
Sep-21
Jan-22
May-22
Sep-22
#
of
new
listings
SERIES: New Listings (Existing Single-Family Homes)
-16.8%
-60%
-40%
-20%
0%
20%
40%
60%
Jan-19
Apr-19
Jul-19
Oct-19
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
YTY%
chg.
in
new
listings
New Listings (Existing Single-Family Homes)

New active listings below sales for first time in 8 months
page
46
15,112
12,576
23,383
13,065
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
Sales vs. New Active Listings
New Active Sales
SERIES: New Listings vs. Sales (Existing Single-Family Homes)

Overall supply level continues to improve as sales
momentum slows
page
47
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
yty% chg. in sales yty% chg. in new active listings yty% chg. in total active listings

Active listings by region
page
48
2,209
8,321
3,923
652 1,048
4,090
15,884
7,234
1,118 1,362
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
San Francisco
Bay Area
Southern
California
Central Valley Central Coast Far North
Active
Listings
Nov-21 Nov-22
SERIES: Active Listings of Existing Single Family Homes

Inventory builds up in all regions as sales slow across
the state
page
49
-43.0% -46.9% -42.3% -43.5% -37.7%
85.2% 90.9% 84.4%
71.5%
30.0%
-80%
-40%
0%
40%
80%
120%
San Francisco
Bay Area
Southern
California
Central Valley Central Coast Far North
Year-to-Year
%
Chg
November 2022
Sales Active Listings
SERIES: Sales and Listings of Existing Single Family Homes

Housing supply improves in nearly all counties
page
50
SERIES: Active Listings (Existing Single-Family Homes)
158.5%
-35.6%
-50%
0%
50%
100%
150%
200%
Yolo
Sutter
Yuba
San
Benito
Placer
Orange
Santa
Cruz
Riverside
Solano
San
Diego
Monterey
Sacramento
Contra-Costa
Amador
Santa
Clara
Alameda
San
Joaquin
Butte
Marin
Tulare
Humboldt
Kings
San
Mateo
Ventura
Los
Angeles
Kern
Merced
Fresno
San
Luis
Obispo
San
Francisco
Stanislaus
San
Bernardino
Sonoma
Mendocino
Madera
El
Dorado
Napa
Tehama
Shasta
Mariposa
Lake
Calaveras
Nevada
Santa
Barbara
Tuolumne
Siskiyou
Lassen
Plumas
Glenn
Mono
Del
Norte
YTY%
chg.
Active Listings (Existing Single-Family Homes)

Time on market trends up as market becomes less
competitive
page
52
0
10
20
30
40
50
60
70
Days
on
Market
California, November 2021: 11.0 Days; November 2022: 24.0 Days
SERIES: Median Time of Market of Existing Single Family Homes

Median time on market by percentile
page
53
SERIES: Median Time on Market of Existing Single Family Homes
12 11 11 11
13
11 12 13
18
11
24 24
26
23
26 26
22 23
30
24
0
5
10
15
20
25
30
35
0-20 20-40 40-60 60-80 80-100 80-85 86-90 91-95 96-100 Total
Days
on
Market
Percentile
Median Time on Market
Nov-21 Nov-22

Sales-to-list price ratio by percentile
page
54
99.8% 99.9% 99.7%
99.2%
98.2%
98.7% 98.4%
98.0%
97.0%
96.7%
94%
95%
96%
97%
98%
99%
100%
101%
102%
103%
0-20 20-40 40-60 60-80 80-100 80-85 86-90 91-95 96-100 Total
California Sales-to-List Price Ratio by Quintile
Nov-21 Nov-22

Median sales vs. list price growth $1M+ properties
page
55
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
Jul-18
Jan-19
Jul-19
Jan-20
Jul-20
Jan-21
Jul-21
Jan-22
Jul-22
YTY%
Chg.
in
Price
California Median Sales vs. List Price Growth
Listing Price Sales Price

Reduced-Price Listings
page
56
-10%
-9%
-8%
-7%
-6%
-5%
-4%
-3%
-2%
-1%
0%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
1/1/2010
7/1/2010
1/1/2011
7/1/2011
1/1/2012
7/1/2012
1/1/2013
7/1/2013
1/1/2014
7/1/2014
1/1/2015
7/1/2015
1/1/2016
7/1/2016
1/1/2017
7/1/2017
1/1/2018
7/1/2018
1/1/2019
7/1/2019
1/1/2020
7/1/2020
1/1/2021
7/1/2021
1/1/2022
7/1/2022
Share of Listings with a Reduced Price: 44.7%; Median Reduction Amount: -5.7%
Share Reduced Median Reduction
SERIES: Listing Price of Existing Single Family Homes

Growth in Reduced-Price Listings
page
57
-0.4%
-0.2%
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
1.2%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
1/1/2015
5/1/2015
9/1/2015
1/1/2016
5/1/2016
9/1/2016
1/1/2017
5/1/2017
9/1/2017
1/1/2018
5/1/2018
9/1/2018
1/1/2019
5/1/2019
9/1/2019
1/1/2020
5/1/2020
9/1/2020
1/1/2021
5/1/2021
9/1/2021
1/1/2022
5/1/2022
9/1/2022
YTY
%
chg.
Growth in Share of Listings with a Reduced Price: +19.2%
Growth in Median Reduction Amount: +0.6%
Share Reduced Median Reduction
SERIES: Listing Price of Existing Single Family Homes

2022 November Monthly Housing Market Outlook

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2022 November Monthly Housing Market Outlook