On September 16, 2022, California Association of Realtors (C.A.R) reported the homes values lower 1.6% to the price of $795,000 in August of 2022 from price of $808,000 in July of 2022, but increased 4.6% from price of $760,000 in August of 2021 in Southern California. While, homes sales rose 7.8% in August of 2022 from July of 2022, but fell 28.8% from August of 2022 in Southern California.
There were 3.0 months supplies of available inventory of homes in August of 2022, down from 3.3 months in July of 2022, but jumped from 1.9 months in August of 2021 in Southern California.
An average it took 18.0 days to sell a home in August 2022, higher from 13.0 days in July of 2022, and gained from 9.0 days in August of 2021 in Southern California.
For complete more detailed information about the California Association of Realtors August of 2022 Southern California homes sales and value report, please click HERE