Massive Market Rebound in Southern California; Largest Month-to-Month Sales Growth in the Last 40 Years (June 2020 Market Update)

Summary Southern California’s real estate market experienced a major rebound in sales from May’s low-point, despite still falling short of 2019 numbers Overall sales of single-family homes increased by at least 40%, with apartment sales increasing by 60%  Active inventory of single-family homes dropped year-over-year across all counties resulting from surging demand and fewer listings […]

Southern California Market Update April 2020 Sales are down, prices are higher than before: Is there a market rebound coming after a sharp decline?

Southern California has experienced one of the largest COVID-19 real estate market slow-downs in the US. Sales of existing, single-family homes in April dropped 37.4% YoY.  Median prices were mostly unchanged or became slightly higher in April compared to the same period last year. Realtors have begun adjusting the new COVID reality by figuring out […]