Housing Market Outlook

https://www.scribd.com/document/371958098/2018-01-Monthly-Housing-Market-Outlook

State/Region/County Jan-18 Dec-17 Jan-17 Price MTM% Chg Price YTY% Chg Sales MTM% Chg Sales YTY% Chg
CA SFH (SAAR) $527,800 $549,560 $491,840 R -4.0% 7.3% -7.6% -2.9%
CA Condo/Townhomes $433,330 $446,840 $399,760 R -3.0% 8.4% -24.1% -5.3%
Los Angeles Metropolitan Area $492,450 $495,720 $452,110 R -0.7% 8.9% -21.5% -3.6%
Inland Empire $349,710 $345,570 $314,390 R 1.2% 11.2% -16.4% 0.0%
S.F. Bay Area $809,900 $885,030 $730,200 -8.5% 10.9% -33.7% -4.6%
S.F. Bay Area Jan-18 Dec-17 Jan-17 Price MTM% Chg Price YTY% Chg Sales MTM% Chg Sales YTY% Chg
Alameda $840,000 $862,000 $755,000 -2.6% 11.3% -38.7% -5.9%
Contra Costa $555,000 $600,000 $540,000 -7.5% 2.8% -28.9% -6.9%
Marin $1,317,500 $1,268,900 $1,150,000 3.8% 14.6% -37.8% 3.7%
Napa $662,000 $688,000 $662,500 -3.8% -0.1% -24.8% 0.0%
San Francisco $1,330,000 $1,475,000 $1,250,000 -9.8% 6.4% -34.0% -8.8%
San Mateo $1,437,500 $1,500,000 $1,150,000 -4.2% 25.0% -46.1% -9.5%
Santa Clara $1,170,000 $1,300,000 $927,500 -10.0% 26.1% -35.6% -4.5%
Solano $425,000 $416,000 $387,400 2.2% 9.7% -28.0% -12.0%
Sonoma $670,000 $670,000 $579,500 0.0% 15.6% -24.5% 15.0%
Southern California Jan-18 Dec-17 Jan-17 Price MTM% Chg Price YTY% Chg Sales MTM% Chg Sales YTY% Chg
Los Angeles $564,100 $577,920 $509,130 R -2.4% 10.8% -27.3% -6.8%
Orange $780,000 $785,500 $740,000 -0.7% 5.4% -21.9% -6.6%
Riverside $397,250 $385,000 $357,500 3.2% 11.1% -18.6% -3.5%
San Bernardino $277,000 $278,000 $245,440 R -0.4% 12.9% -12.9% 5.6%
San Diego $590,000 $605,000 $550,000 -2.5% 7.3% -21.4% -2.4%
Ventura $660,720 $645,000 $587,250 R 2.4% 12.5% -8.0% 3.7%
Central Coast Jan-18 Dec-17 Jan-17 Price MTM% Chg Price YTY% Chg Sales MTM% Chg Sales YTY% Chg
Monterey $571,500 $614,000 $572,500 -6.9% -0.2% -14.6% 9.6%
San Luis Obispo $565,000 $590,000 $536,000 -4.2% 5.4% -11.8% -5.2%
Santa Barbara $567,000 $730,000 $710,000 -22.3% -20.1% -24.3% 6.0%
Santa Cruz $790,000 $831,000 $800,000 -4.9% -1.3% -31.1% -0.9%
Central Valley Jan-18 Dec-17 Jan-17 Price MTM% Chg Price YTY% Chg Sales MTM% Chg Sales YTY% Chg
Fresno $253,500 $259,750 $238,000 R -2.4% 6.5% -20.3% -2.3%
Glenn $228,500 $230,000 $221,000 -0.7% 3.4% 6.7% 0.0%
Kern $225,500 $233,000 $215,000 -3.2% 4.9% -21.1% -3.8%
Kings $238,000 $225,000 $200,000 5.8% 19.0% -23.4% -1.4%
Madera $239,000 $245,000 $237,500 R -2.4% 0.6% 21.8% -9.1%
Merced $257,000 $239,900 $225,500 7.1% 14.0% -1.8% 27.4%
Placer $446,000 $451,500 $425,000 -1.2% 4.9% -28.9% 11.4%
Sacramento $350,000 $350,000 $305,000 0.0% 14.8% -20.8% 3.5%
San Benito $555,000 $537,000 $550,000 3.4% 0.9% -17.3% 43.3%
San Joaquin $350,000 $349,720 $307,500 0.1% 13.8% -21.3% 9.7%
Stanislaus $295,000 $300,000 $279,750 -1.7% 5.5% -20.9% 0.6%
Tulare $215,730 $219,500 $202,500 -1.7% 6.5% -20.8% 12.4%
Other Counties in California Jan-18 Dec-17 Jan-17 Price MTM% Chg Price YTY% Chg Sales MTM% Chg Sales YTY% Chg
Amador $330,000 $305,000 $295,000 8.2% 11.9% -36.5% -2.9%
Butte $314,750 $304,000 $264,000 3.5% 19.2% -28.5% 9.1%
Calaveras $306,500 $285,000 $285,000 7.5% 7.5% -31.6% 12.7%
Del Norte $198,500 $251,500 $218,500 -21.1% -9.2% 5.3% 42.9%
El Dorado $480,000 $450,000 $414,250 6.7% 15.9% -32.5% -10.4%
Humboldt $300,000 $319,500 $296,500 -6.1% 1.2% -25.9% 3.6%
Lake $279,000 $269,500 $215,000 3.5% 29.8% -30.8% -8.5%
Lassen $217,750 $175,000 $175,000 24.4% 24.4% -13.0% 17.6%
Mariposa $276,500 $310,000 $272,450 -10.8% 1.5% -20.0% -42.9%
Mendocino $425,000 $409,500 $417,500 3.8% 1.8% -15.6% -2.6%
Mono $480,000 $515,000 $526,750 -6.8% -8.9% -28.6% -37.5%
Nevada $382,000 $393,500 $366,500 -2.9% 4.2% -28.0% -20.0%
Plumas $265,950 $256,000 $300,250 3.9% -11.4% -33.3% -9.1%
Shasta $249,000 $258,250 $233,380 -3.6% 6.7% -13.1% 12.2%
Siskiyou $193,000 $192,500 $239,000 0.3% -19.2% -16.7% 48.1%
Sutter $284,200 $270,000 $252,000 5.3% 12.8% -6.5% 44.0%
Tehama $227,500 $190,000 $210,000 19.7% 8.3% -13.5% 18.5%
Tuolumne $265,000 $269,900 $279,450 -1.8% -5.2% -12.7% 10.0%
Yolo $383,000 $420,000 $380,000 -8.8% 0.8% -33.1% -28.3%
Yuba $265,360 $241,000 $250,000 10.1% 6.1% -15.9% 1.8%

*   Los Angeles Metropolitan Area is a 5-county region that includes Los Angeles County, Orange County, Riverside County, San Bernardino County, and Ventura County
*   S.F. Bay Area has been redefined to include the following counties: Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano, and Sonoma
*   Inland Empire includes Riverside County and San Bernardino County
*   r = revised
*   MTM%c Chg = Percent change from prior month
*   YTY% Chg = Percent change from prior year

Regional/County sales data and condo sales data not seasonally adjusted.

The MLS median price and sales data for detached homes are generated from a survey of more than 90 associations of REALTORS® and MLSs throughout the state, representing 90 percent of the market. County sales data are not adjusted to account for seasonal factors that can influence home sales. MLS median price and sales data for condominiums are based on a survey of more than 60 associations. The median price for both detached homes an condominiums represents closed escrows. Movements in sales prices should not be interpreted as changes in the cost of a standard home. Median prices can be influenced by changes in cost and in the characteristics and size of homes sold. Due to low sales volume in some areas, median price changes may exhibit unusual fluctuation. C.A.R.’s data has been standardized to reflect county-level statistics.