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California Condo & Town-Homes Sales & Values Report March Of 2024

By
Industry Observer CDRE #01044712

On April 17, 2024, California Association of Realtors (C.A.R) reported that condo and town-homes values increased 2.3% to an average price of $675,000 in March of 2024 from an average price of $660,000 in February of 2024, and gained 5.5% from $640,000 in March of 2023. While, condo and town-homes sales jumped 16.4% in March of 2024 from February of 2024, but declined 3.9% from March of 2023 in California.

There were 2.6 months supplies of available inventory of condo and town-homes in March of 2024, down from 2.9 months in February of 2024, but up from 2.0 months in March of 2023 in California.

An average it took 18.0 days to sell a condo and town-home in March 2024, lower from 21.0 days in February of 2024, and dropped from 22.0 days in March of 2023 in California.

For complete more detailed information about the California Association of Realtors’ March of 2024 California condo and town-homes sales and value report, please click HERE

Posted by

John Pusa

Better way to buy and sell real estate

Office (818) 441-8881

Mobile (818) 441-8881

Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, John, for posting this report.

Have a great day and a very productive week.

Apr 23, 2024 07:54 AM
John Pusa

Hello Roy Kelley thank you for the comment.

Apr 23, 2024 01:40 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello John and great information to share with us here in the Rain.  Hope you are having a great day!

Apr 23, 2024 10:38 AM
John Pusa

Hello Will Hamm thank you for the comment.

Apr 23, 2024 01:41 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

John Pusa  great overall information, personally I am seeing the market cooling all thanks to the FED having interest rates in the mid 7%... I said this before the FED is not your friend, Endre

Apr 23, 2024 09:35 PM
John Pusa

Hello Endre Barath, Jr. it appears that FED is not my friend. Thank you for the comment.

Apr 24, 2024 04:44 PM