California Housing Market Update - Feb 2022 CAR
Denunciar
30 de Mar de 2022•0 recomendaciones•91 vistas
California Housing Market Update - Feb 2022 CAR
30 de Mar de 2022•0 recomendaciones•91 vistas
Descargar para leer sin conexión
Denunciar
Sector inmobiliario
California Housing Market Update Monthly Sales and Price Statistics February 2022
Recomendados
Gbar monthly-market-insights-report-november20Joe Schutt
Southwest California Housing updateSouthwest Riverside County Association of Realtors
Monthly market-insight-report-oct20Joe Schutt
Gbar monthly-market-insight-report-jan20Joe Schutt
2019 Mid-Year Market ForecastRonny Budiutama
Fraser Valley Real Estate Board Statistics Package Jan 2021Vicky Aulakh
Más contenido relacionado
La actualidad más candente
Greater Cleveland Real Estate Market Update - Summer2016Lisa Humenik
May-2019 Stats Package for Greater VancouverBC PRIME Realty
Fvreb may 2020 stats Vicky Aulakh
San Francisco Market Report October 2021Ronny Budiutama
July fvreb stats packageVicky Aulakh
Roanoke Metropolitan Area Market Conditions ReportThe Long & Foster Companies
Similar a California Housing Market Update - Feb 2022 CAR
2022 November Monthly Housing Market OutlookLynne Watanabe-MacFarlane
CAR - Monthly Housing Market Update - Aug 2020Lynne Watanabe-MacFarlane
CAR - Monthly Housing Market Update Aug 2020Lynne Watanabe
California Housing Market Update Lynne Watanabe-MacFarlane
CAR - Monthly Housing Market Update - SEPT 2020Lynne Watanabe
C.A.R. Economic Update for DIGGS Kendyl Young
Más de Lynne Watanabe-MacFarlane
Institute of Luxury Home Marketing_Sept 2023.pdfLynne Watanabe-MacFarlane
Luxury Market Report- North America Aug 2023Lynne Watanabe-MacFarlane
Real Estate Business Magazine - July_August 2023.pdfLynne Watanabe-MacFarlane
Institute of Luxury Home Marketing - June 2023Lynne Watanabe-MacFarlane
Homeowners Checklist: How To Make Your Home Fire SafeLynne Watanabe-MacFarlane
May 2023 Santa Clara County - Real Estate MarketLynne Watanabe-MacFarlane
Último
Aashirwad Towers Shirgaon Pune Brochure.pdfNandKishor99
Whitbread Property Ireland reception 2023JamesAnderson507
Runwal 25 Hour Life Brochure.pdfPrachiRudram
1.pdfssuserbd91321
Should I Buy Now OR Wait Until 2024? + Mortgage Update with Expert Hugo Dos ReisVolition Properties
AL-SayabshadyIbrahim30
California Housing Market Update - Feb 2022 CAR
- 1. California Housing Market Update Monthly Sales and Price Statistics February 2022
- 2. Existing Home Sales % change -8.2% YTY California Housing Market Snapshot page 02 Price $771,270 +10.3% Y2Y Unsold Inventory Index 2.0 months -4.8% Y2Y Median Days on Market 9 days -10.0% Y2Y February 2022 CALIFORNIA ASSOCIATION OF REALTORS® -8.3% YTD 424,640
- 3. Existing Home Sales % change -9.9% YTY February 2022 Southern California Housing Snapshot page 3 Unsold Inventory Index 2.0 months Median Days on Market 9 days Sales Price to List Price Ratio 102.7% CALIFORNIA ASSOCIATION OF REALTORS® -9.9% YTD Existing Home Price % change $760,000 +12.6% YTY
- 4. Existing Home Sales % change -16.3% YTY February 2022 Central Coast Housing Snapshot page 4 Unsold Inventory Index 2.0 months Median Days on Market 10 days Sales Price to List Price Ratio 100.7% CALIFORNIA ASSOCIATION OF REALTORS® -18.4% YTD Existing Home Price % change $912,250 +10.1% YTY
- 5. Existing Home Sales % change +1.2% YTY February 2022 Central Valley Housing Snapshot page 5 Unsold Inventory Index 1.9 months Median Days on Market 7 days Sales Price to List Price Ratio 101.6% CALIFORNIA ASSOCIATION OF REALTORS® -1.5% YTD Existing Home Price % change $465,000 +14.8% YTY
- 6. Existing Home Sales % change -13.7% YTY February 2022 Bay Area Housing Snapshot page 6 Unsold Inventory Index 1.9 months Median Days on Market 9 days Sales Price to List Price Ratio 110.0% CALIFORNIA ASSOCIATION OF REALTORS® -18.1% YTD Existing Home Price % change $1,335,000 +15.9% YTY
- 7. Existing Home Sales % change -8.5% YTY February 2022 Far North Housing Snapshot page 7 Unsold Inventory Index 3.0 months Median Days on Market 22 days Sales Price to List Price Ratio 100.0% CALIFORNIA ASSOCIATION OF REALTORS® -3.5% YTD Existing Home Price % change $375,000 +11.9% YTY
- 8. Sales
- 9. Sales dipped from last year but remained above pre- pandemic levels page 9 California, February 2022 Sales: 424,640 Units, -8.3% YTD, -8.2% YTY, -4.5% MTM - 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 SERIES: Sales of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 10. Sales had the smallest drop in seven months page 10 -8.2% -60% -40% -20% 0% 20% 40% 60% 80% 100% Year-over-Year % Chg 6 per. Mov. Avg. (Year-over-Year % Chg) SERIES: Sales of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 11. Bay Area had the biggest decline of all regions page 11 -13.7% -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 YoY % chg. Bay Area 6 per. Mov. Avg. (Bay Area) SERIES: Sales of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 12. So. California sales dropped almost 10 percent page 12 -9.9% -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 So CA 6 per. Mov. Avg. (So CA) YoY % chg. SERIES: Sales of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 13. Central Valley sales had first increase in eight months page 13 1.2% -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 Central Valley 6 per. Mov. Avg. (Central Valley) YoY % chg. SERIES: Sales of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 14. CALIFORNIA ASSOCIATION OF REALTORS® Sales by Region page 14 -16.3% -13.7%-12.6% -9.9% -8.5% 1.2% -18% -16% -14% -12% -10% -8% -6% -4% -2% 0% 2% 4% February 2021 Home Sales Growth by Region Central Valley 22% S.F. Bay Area 16% Southern California 49% Central Coast 4% Far North 3% Other Counties 6% February 2022 Home Sales by Region
- 15. Upper priced segments moderated in recent months page 15 February 2022 (YTY% Chg.) 28% 44% 28% 35% 42% 23% $0 - $499k $500 - $999k $1M+ Share by Price Segment 2022 2021 SERIES: Sales of Existing Detached Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® -52% -29% -8% -7% 4% 6% 24% -60% -40% -20% 0% 20% 40%
- 16. Top-end of the market growth subsided page 16 -100% -50% 0% 50% 100% 150% 200% 250% 300% 350% 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 SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 17. Share of million-dollar home sales bounced back after reaching 11-month low page 17 -1.9% 27.8% 28.1% -10% 0% 10% 20% 30% 40% 50% 60% % of Sales Share Gap $0-$499k $1,000k and up SERIES: Sales by Price Range SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® COVID-19 Outbreak
- 18. Pending sales continued to decline by double-digits page 18 -12.5% -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 YTY % Chg. in Pending Sales SERIES: Percent Change in Pending Sales SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 19. Pending sales at the more affordable segments shrunk the most from last year page 19 -100% 0% 100% 200% 300% 400% 500% Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 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 YTY % Chg. in Pending Sales $0 - $299k $300 - $399k $400 - $499k $500 - $749k $750 - $999k $1,000 - $1,999k $2,000k+ SERIES: Percent Change in Pending Sales SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 20. Pending sales improved from last month for all but the lowest price segment page 20 -60% -40% -20% 0% 20% 40% 60% MTM % Chg. in pending Sales $0 - $299k $300 - $399k $400 - $499k $500 - $749k $750 - $999k $1,000 - $1,999k $2,000k+ SERIES: Percent Change in Pending Sales SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 21. Pending sales – Condos/Townhomes down slightly more than single-family homes page 21 -100% -50% 0% 50% 100% 150% 200% 250% 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 YTY % Chg. in Pending Sales SFH Condo/Townhome SERIES: Percent Change in Pending Sales SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 22. Price
- 23. California median home price back to double-digit growth page 23 California, February 2022: $771,270, +0.7% MTM, +10.3% YTY $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 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 SERIES: Median Price of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 24. Condo/Townhome median price set a new record page 24 $0 $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 Median Price SERIES: Median Price of Existing Condos/Townhomes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® California, February 2021: $530,000, February 2022: $640,000
- 25. Median price growth - condos continued to outpace single-family homes page 25 -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 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 YTY% Chg. in Price Condo Single-Family Homes SERIES: Median Price of Existing SFH & Condo/Townhomes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 26. Price/Square foot bounced back page 26 February 2022: $392, +5.4% MTM, +16.0% YTY $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 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 PRICE PER SQ. FT. SERIES: Median Price Per Square Feet of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 27. The Price/Square foot gap between home types widened to the highest on record page 27 $392 $548 $0 $100 $200 $300 $400 $500 $600 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 PRICE PER SQ. FT. Diff. in Price/Sq. Ft. SFH Condo/Townhome SERIES: Median Price Per Square Feet of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 28. 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 Sales-to-List Price Ratio Sales price-to-list price ratio began to rise again page 28 Feb 2022: 102.6%, +5.4% MTM, +16.0% YTY SERIES: Sales to List Ratio of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 29. Share of homes sold above asking price surged to 6-month high page 29 56.6% Peak:71.4% 65.4% 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 % of sales with price above asking price SERIES: Sales with sold price above asking price (Existing SFH) SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 30. Homes sold above asking price - by county page 30 Feb 2022: % sold above asking price (26/50 Counties at or above 50%) 89% 9% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 50% SERIES: % of homes sold above asking price SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 31. List price vs. sales price page 31 -8.80% 10.85% -20% -10% 0% 10% 20% 30% 40% 50% 60% Jan-12 Jun-12 Nov-12 Apr-13 Sep-13 Feb-14 Jul-14 Dec-14 May-15 Oct-15 Mar-16 Aug-16 Jan-17 Jun-17 Nov-17 Apr-18 Sep-18 Feb-19 Jul-19 Dec-19 May-20 Oct-20 Mar-21 Aug-21 Jan-22 YTY% Chg. in Price Listing Price Sales Price SERIES: List price growth and sales price growth SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 32. Prices continued to grow by double-digits for all percentiles page 32 SERIES: Median Price of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® 16.4% 12.2% 11.1% 10.6% 11.6% 11.6% 12.5% 14.8% 8.0% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 0-20 20-40 40-60 60-80 80-100 80-85 86-90 91-95 96-100 Percentile Year-over-Year Price Growth
- 33. Price growth solid at all percentiles page 33 -10% 0% 10% 20% 30% 40% 50% 60% 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 YTY% Chg. in Price 0-20 20-40 40-60 60-80 80-100 SERIES: Percent Change in Price SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 34. California Market Velocity and Price Growth page 34 -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% Dec-08 Apr-09 Aug-09 Dec-09 Apr-10 Aug-10 Dec-10 Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-13 Aug-13 Dec-13 Apr-14 Aug-14 Dec-14 Apr-15 Aug-15 Dec-15 Apr-16 Aug-16 Dec-16 Apr-17 Aug-17 Dec-17 Apr-18 Aug-18 Dec-18 Apr-19 Aug-19 Dec-19 Apr-20 Aug-20 Dec-20 Apr-21 Aug-21 Dec-21 -150% -100% -50% 0% 50% 100% 150% 200% 250% Existing SFR Median Price Growth Market Velocity Price Growth Market Velocity (12 month trailing average) SERIES: Market Velocity & Price Growth SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 35. Mortgage payment increased at the fastest pace in eight months page 35 -20% -10% 0% 10% 20% 30% 40% 50% 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 YTY% Chg. California Median Price vs. Mortgage Payment Price Growth Mortgage Pmt Growth 2.81% 3.76% 0% 1% 2% 3% 4% 5% 6% 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 30 Yr. FRM SERIES: Price Growth vs. Mortgage Payment Growth SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 36. Mortgage payment increased at the fastest pace in eight months page 36 10.3% 24.3% -20% -10% 0% 10% 20% 30% 40% 50% 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 YTY% Chg. California Median Price vs. Mortgage Payment Price Growth Mortgage Pmt Growth SERIES: Price Growth vs. Mortgage Payment Growth SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 38. Inventory reached highest level in 12 months page 38 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 Months of Supply SERIES: Unsold Inventory Index of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® February 2021: 2.1 Months; February 2022: 2.0 Months
- 39. Inventory reached highest level in 12 months page 39 0 1 2 3 4 5 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Months of Supply SERIES: Unsold Inventory Index of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® February 2021: 2.1 Months; February 2022: 2.0 Months
- 40. Unsold Inventory bounced back for all regions page 40 2.0 1.9 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 Months of Supply Bay Area So CA Central Valley SERIES: Unsold Inventory Index of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 41. CALIFORNIA ASSOCIATION OF REALTORS® Active listings improved as the market geared up for the homebuying season page 41 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
- 42. CALIFORNIA ASSOCIATION OF REALTORS® Active listings started rising as the market approaches the spring home buying season page 42 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 California Active Listings by Month
- 43. Active listings had smallest drop in 31 months page 43 -5.3% -60% -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 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 Year-over-Year % Chg SERIES: Active Listing of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 44. New listings had the smallest drop since Aug 2021 page 44 23,205 21,001 21,146 17,290 16,522 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 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 # of new listings SERIES: New Listings (Existing Single-Family Homes) SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® -4.4% -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 YTY% chg. in new listings New Listings (Existing Single-Family Homes)
- 45. New active listings exceeded sales for the first time in 20 months page 45 23,205 21,001 21,146 17,290 16,522 16,027 14,910 15,933 17,511 15,998 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 New Active Sales SERIES: New Listings vs. Sales (Existing Single-Family Homes) SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® Sales vs. New Active Listings
- 46. Imbalance between sales and newly active listings continue to deplete overall supply level page 46 -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 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 yty% chg. in sales yty% chg. in new active listings yty% chg. in total active listings SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 47. Supply started improving in more affordable regions page 47 2,831 7,970 3,095 859 826 2,444 7,257 3,197 622 842 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 San Francisco Bay Area Southern California Central Valley Central Coast Far North Active Listings Feb-21 Feb-22 SERIES: Active Listings of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 48. Supply declined faster than demand in the Central Coast region page 48 -13.7% -9.9% 1.2% -16.3% -8.5% -13.7% -8.9% 3.3% -27.6% 1.9% -40% 0% 40% San Francisco Bay Area Southern California Central Valley Central Coast Far North Year-to-Year % Chg Sales Active Listings February 2022 SERIES: Sales and Listings of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 50. Time on market dipped to the lowest level in six months page 50 0 10 20 30 40 50 60 70 Days on Market SERIES: Median Time of Market of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® California, February 2021: 10.0 Days; February 2022: 9.0 Days
- 51. Median time on market grew except the high-end market page 51 SERIES: Median Time on Market of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® 10 8 8 9 13 10 11 16 32 10 11 10 9 8 8 8 8 8 10 9 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 Feb-21 Feb-22
- 52. Sales-to-list price ratio remained robust for the top end page 52 100.0% 101.2% 101.8% 104.1% 105.6% 106.7% 107.5% 108.7% 100.0% 102.6% 92% 94% 96% 98% 100% 102% 104% 106% 108% 110% 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 Feb-21 Feb-22 SERIES: Sales to List Ratio of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 53. Median sales vs. list price growth $1M+ properties page 53 -10% -5% 0% 5% 10% 15% 20% 25% 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 YTY% Chg. in Price California Median Sales vs. List Price Growth Listing Price Sales Price SERIES: Sales to List Ratio of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 54. Reduced-Price Listings page 54 Share of Listings with a Reduced Price: 16.7%; Median Reduction Amount: -5.3% -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 6/1/2010 11/1/2010 4/1/2011 9/1/2011 2/1/2012 7/1/2012 12/1/2012 5/1/2013 10/1/2013 3/1/2014 8/1/2014 1/1/2015 6/1/2015 11/1/2015 4/1/2016 9/1/2016 2/1/2017 7/1/2017 12/1/2017 5/1/2018 10/1/2018 3/1/2019 8/1/2019 1/1/2020 6/1/2020 11/1/2020 4/1/2021 9/1/2021 2/1/2022 Share Reduced Median Reduction SERIES: Listing Price of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
- 55. Growth in Reduced-Price Listings page 55 Growth in Share of Listings with a Reduced Price: -1.1% Growth in Median Reduction Amount: 0.4% -0.4% -0.2% 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% -15% -10% -5% 0% 5% 10% 1/1/2015 4/1/2015 7/1/2015 10/1/2015 1/1/2016 4/1/2016 7/1/2016 10/1/2016 1/1/2017 4/1/2017 7/1/2017 10/1/2017 1/1/2018 4/1/2018 7/1/2018 10/1/2018 1/1/2019 4/1/2019 7/1/2019 10/1/2019 1/1/2020 4/1/2020 7/1/2020 10/1/2020 1/1/2021 4/1/2021 7/1/2021 10/1/2021 1/1/2022 YTY % chg. Share Reduced Median Reduction SERIES: Listing Price of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®