On March 20, 2020, California Association of Realtors (C.A.R) reported an annualized rate of 421,670 single family homes sold in California in February of 2020 increased 6.6% from 395,700 in January of 2020, and rose 5.9% from 398,160 home sales in February of 2019. While, single family homes values lower 0.8% to the price of $579,770 in February of 2020 from price of $575,160 in January of 2020, but gained 8.5% from price of $534,120 in February of 2019 in California.
There were 3.6 months supplies of available inventory of single family homes in February of 2020, gained from 3.4 months in January of 2020, and jumped from 8.5 months in February of 2019.
An average it took 33.0 days to sell a single family home in February 2020, up from 31.0 days in January of 2020, and higher from 23.0 days in February of 2019 in California.
The average price for a square foot was $283.00 in February of 2020 rose from $271.00 in February of 2019 in California.
For complete more detailed information about the California Association of Realtors’ February of 2020 California single family homes sales and value report, please click HERE