California Housing Market Update - Feb 2022 CAR

California
Housing Market
Update
Monthly Sales and
Price Statistics
February 2022

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

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%
-9.9% YTD
Existing Home Price
% change
$760,000
+12.6% YTY

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%
-18.4% YTD
Existing Home Price
% change
$912,250
+10.1% YTY

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%
-1.5% YTD
Existing Home Price
% change
$465,000
+14.8% YTY

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%
-18.1% YTD
Existing Home Price
% change
$1,335,000
+15.9% YTY

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%
-3.5% YTD
Existing Home Price
% change
$375,000
+11.9% YTY

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®

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)

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)

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.

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.

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

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
-52%
-29%
-8% -7%
4% 6%
24%
-60%
-40%
-20%
0%
20%
40%

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

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
COVID-19
Outbreak

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

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+

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+

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

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

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
California, February 2021: $530,000, February 2022: $640,000

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

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

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

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

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)

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

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

Prices continued to grow by double-digits
for all percentiles
page
32
SERIES: Median Price of Existing Single Family Homes
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

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

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

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

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

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
February 2021: 2.1 Months; February 2022: 2.0 Months

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
February 2021: 2.1 Months; February 2022: 2.0 Months

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

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

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

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

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)
-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)

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)
Sales vs. New Active Listings

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

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

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

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
California, February 2021: 10.0 Days; February 2022: 9.0 Days

Median time on market grew except the high-end
market
page
51
SERIES: Median Time on Market of Existing Single Family Homes
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

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

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

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

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

California Housing Market Update - Feb 2022 CAR

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