On November 16, 2022, California Association of Realtors (C.A.R) reported an annualized homes values down 1.0% to the price of $742,570 in October of 2022 from price of $750,000 in September of 2022, but higher 2.4% from price of $725,000 in October of 2021 in Southern California. While, the homes sales decreased 12.2% in October of 2022 from September of 2022, and fell 40.8% from October of 2021 in Los Angeles Metro Area, California.
There were 3.7 months supplies of available inventory of homes in October of 2022, gained from 3.1 months in September of 2022, and rose from 1.9 months in October of 2021 in Los Angeles Metro Area, California.
An average it took 24.0 days to sell a home in October 2022, up from 23.0 days in September of 2022, but jumped from 11.0 days in October of 2021 in Los Angeles Metro Area, California.
For complete more detailed information about the California Association of Realtors’ October of 2022 Los Angeles Metro Area, California homes sales and value report, please click HERE