On December 19, 2023, California Association of Realtors (C.A.R) reported an annualized homes values up 0.5% to the price of $824,500 in November of 2023 from price of $820,000 in October of 2023, and rose 9.9% from price of $750,000 in November of 2022 in Southern California. While, homes sales in California fell 14.2% in November of 2023 from October of 2023, and dropped 5.6% from November of 2022 in Southern California.
There were 3.0 months supplies of available inventory of homes in November of 2023, higher from 2.8 months in October of 2023, but lower from 3.6 months in November of 2022 in Southern California.
An average it took 21.0 days to sell a home in November 2023, unchanged from 21.0 days in October of 2023, but declined from 30.0 days in November of 2022 in Southern California.
For complete more detailed information about the California Association of Realtors’ November of 2023 Southern California homes sales and value report, please click HERE
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