On January 18, 2023, California Association of Realtors (C.A.R) reported the homes values declined 0.9% to the price of $743,180 in December of 2022 from price of $750,000 in November of 2022, and lower 0.9% from price of $749,900 in December of 2021 in Southern California. While, homes sales dropped 1.7% in December of 2022 from November of 2022, and fell 48.3% from in in December of 2021 in Southern California.
There were 2.9 months supplies of available inventory of homes in December of 2022, down from 3.6 months in November of 2022, but jumped from 1.2 months in December of 2021 in Southern California.
An average it took 27.0 days to sell home in December 2022, higher from 24.0 days in November of 2022, and rose from 11.0 days in December of 2021 in Southern California.
For complete more detailed information about the California Association of Realtors’ December of 2022 Southern California homes sales and value report, please click HERE
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