The California housing market saw some exciting changes in May. Below is a summary.
- Housing inventory remained unaltered.
- The Index was 3.6 VS 2.6 in May of 2013 (this figure is how many months on average a home takes to sell. The mean number a home, single family, took to sell was 31.6 days VS 33.8 days in April. These numbers are encouraging, however in April 2013 it was 27.1 days.
- Mortgage rates fell this month, with 30yr fixed rates averaging around 4.19% down from 4.34 the previous month. Adjustable rates averaged 2.43%
Here is what Orange County did this month vs previous months.
|May-14||Median Sold Price of Existing Single-Family Homes||Sales|
|County||May-14||Apr-14||May-13||MTM% Chg||YTY% Chg||MTM% Chg||YTY% Chg|
Notes: Info taken from CAR