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California Home Sales, Median Price Down in May

California Home Sales, Median Price Down in May

by Phil Hall | Jun 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California recorded 254,190 closed escrow sales of existing, single-family detached homes in May, according to data from the California Association of Realtors (CAR). Last month’s sales pace was down 5.1% from the 267,710 homes sold in April and was down 4% from the...

California’s Median Home Price Hits New High

by Phil Hall | May 19, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California home sales declined for second straight month in April while the state’s median home price hit a new all-time high. According to data from the California Association of Realtors, closed escrow sales of existing, single-family detached homes totaled a...
California Housing Affordability Level Improves Slightly

California Housing Affordability Level Improves Slightly

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 17% of California homebuyers could afford to purchase a median-priced, existing single-family home during the first quarter of this year, according to data from the California Association of Realtors (CAR). This is up from 15% in the previous quarter and...
Report: California’s Housing Affordability Gap Remains Wide for Blacks and Hispanics

Report: California’s Housing Affordability Gap Remains Wide for Blacks and Hispanics

by Phil Hall | Apr 25, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The affordability gap for Black and Hispanic households seeking homeownership in California continues to remain behind other ethnic demographics, according to a new data report from the California Association of Realtors (CAR). During 2024, less than one-fifth (18%)...
California Home Sales Softened During March

California Home Sales Softened During March

by Phil Hall | Apr 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California recorded a seasonally adjusted annualized rate of 277,030 closed escrow sales of existing single-family detached homes during March, down 2.3% from 283,540 sales in February but up 4.9% from 264,200 transactions in March 2024. According to data from the...
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