*Data current as of July 13, 2023. All data obtained from California Regional Multiple Listing Service, Inc. Information is deemed reliable, but not guaranteed.
Glossary (data as reflected in a given month):
New Listings – homes newly listed for sale.
Pending Sales – a count of the homes that have accepted contracts and are in escrow.
Closed Sales – count of the actual home sales closed.
Days on Market – this metric reflects the median number of days between the home’s initial listing and offer acceptance.
Median Sales Price – midpoint where half of the homes sold were priced higher, and half were priced lower.
Average Sales Price – mean sales price for all closed sales.
Price per Square Foot – this metric reflects the median value, based upon sold data; the midpoint at which half of the homes sold were priced higher and half-priced lower, divided by the number of square feet.
Inventory – number of homes available for sale in an active status at the end of the month.
Months Supply of Inventory – also known as the absorption rate. The available inventory of homes on the market at month’s end is divided by the average monthly pending sales from the previous twelve months.