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
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