{"id":3333,"date":"2022-07-19T20:46:06","date_gmt":"2022-07-19T20:46:06","guid":{"rendered":"https:\/\/homepie.com\/articles\/?p=3333"},"modified":"2023-04-26T21:48:08","modified_gmt":"2023-04-26T21:48:08","slug":"california-real-estate-market-at-a-glance-june-2022","status":"publish","type":"post","link":"https:\/\/homepie.com\/articles\/california-real-estate-market-at-a-glance-june-2022\/","title":{"rendered":"California Real Estate Market At A Glance – June 2022"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_post_title meta=”off” featured_image=”off” _builder_version=”4.16″ _module_preset=”default” title_font=”|700|||||||” title_font_size=”40px” title_line_height=”1.2em” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_image src=”https:\/\/homepie.com\/articles\/wp-content\/uploads\/2022\/07\/California_June2022.png” alt=”California Real Estate Market – June 2022″ title_text=”California_June2022″ _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”||0px||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row use_custom_gutter=”on” gutter_width=”2″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_blurb title=”TABLE OF CONTENTS (skip ahead)” use_icon=”on” font_icon=”b||divi||400″ icon_color=”#00DF97″ icon_placement=”left” content_max_width=”100%” _builder_version=”4.16″ _module_preset=”default” header_level=”h3″ header_font=”|700|||||||” header_font_size=”16px” height=”38px” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_blurb][et_pb_blurb title=”# of Existing Home Sales” use_icon=”on” font_icon=”$||divi||400″ icon_color=”#00DF97″ image_icon_background_color=”#FFFFFF” icon_placement=”left” image_icon_width=”22px” content_max_width=”100%” _builder_version=”4.16″ _module_preset=”default” header_level=”h5″ header_font=”Poppins||||||||” header_font_size=”14px” header_line_height=”2.7em” body_line_height=”2em” background_color=”RGBA(0,0,0,0)” image_icon_custom_padding=”8px|8px|8px|8px|false|false” module_alignment=”center” custom_margin=”-10px|||110px|false|false” custom_padding=”0px|||0px|false|false” link_option_url=”#Chapter1″ border_radii_image=”on|100%|100%|100%|100%” icon_font_size=”22px” use_circle=”on” circle_color=”#FFFFFF” global_colors_info=”{}” content__hover_enabled=”on|desktop” font_icon__hover_enabled=”on|hover” font_icon__hover=”%%1%%” custom_padding__hover_enabled=”on|desktop” custom_padding__hover=”|||10px|false|false” image_icon_background_color__sticky_enabled=”#2ea3f2″ image_icon_background_color__sticky=”#2ea3f2″ content__hover=”” theme_builder_area=”post_content”][\/et_pb_blurb][et_pb_blurb title=”Median Price of Homes Sold” use_icon=”on” font_icon=”$||divi||400″ icon_color=”#00DF97″ image_icon_background_color=”#FFFFFF” icon_placement=”left” image_icon_width=”22px” content_max_width=”100%” _builder_version=”4.16″ _module_preset=”default” header_level=”h5″ header_font=”Poppins||||||||” header_font_size=”14px” header_line_height=”2.7em” body_line_height=”2em” image_icon_custom_padding=”8px|8px|8px|8px|false|false” module_alignment=”center” custom_margin=”-10px|||110px|false|false” custom_padding=”0px|||0px|false|false” link_option_url=”#Chapter2″ border_radii_image=”on|100%|100%|100%|100%” icon_font_size=”22px” use_circle=”on” circle_color=”#FFFFFF” global_colors_info=”{}” content__hover_enabled=”on|hover” font_icon__hover_enabled=”on|hover” font_icon__hover=”%%1%%” custom_padding__hover_enabled=”on|desktop” custom_padding__hover=”|||10px|false|false” image_icon_background_color__sticky_enabled=”#2ea3f2″ image_icon_background_color__sticky=”#2ea3f2″ content__hover=”” theme_builder_area=”post_content”][\/et_pb_blurb][et_pb_blurb title=”Unsold Inventory” use_icon=”on” font_icon=”$||divi||400″ icon_color=”#00DF97″ image_icon_background_color=”#FFFFFF” icon_placement=”left” image_icon_width=”22px” content_max_width=”100%” _builder_version=”4.16″ _module_preset=”default” header_level=”h5″ header_font=”Poppins||||||||” header_font_size=”14px” header_line_height=”2.7em” body_line_height=”2em” image_icon_custom_padding=”8px|8px|8px|8px|false|false” module_alignment=”center” custom_margin=”-10px|||110px|false|false” custom_padding=”0px|||0px|false|false” link_option_url=”#Chapter3″ border_radii_image=”on|100%|100%|100%|100%” icon_font_size=”22px” use_circle=”on” circle_color=”#FFFFFF” global_colors_info=”{}” content__hover_enabled=”on|hover” font_icon__hover_enabled=”on|hover” font_icon__hover=”%%1%%” custom_padding__hover_enabled=”on|desktop” custom_padding__hover=”|||10px|false|false” image_icon_background_color__sticky_enabled=”#2ea3f2″ image_icon_background_color__sticky=”#2ea3f2″ content__hover=”” theme_builder_area=”post_content”][\/et_pb_blurb][et_pb_blurb title=”Median Time on Market” use_icon=”on” font_icon=”$||divi||400″ icon_color=”#00DF97″ image_icon_background_color=”#FFFFFF” icon_placement=”left” image_icon_width=”22px” content_max_width=”100%” _builder_version=”4.16″ _module_preset=”default” header_level=”h5″ header_font=”Poppins||||||||” header_font_size=”14px” header_line_height=”2.7em” body_line_height=”2em” image_icon_custom_padding=”8px|8px|8px|8px|false|false” module_alignment=”center” custom_margin=”-10px|||110px|false|false” custom_padding=”0px|||0px|false|false” link_option_url=”#Chapter4″ border_radii_image=”on|100%|100%|100%|100%” icon_font_size=”22px” use_circle=”on” circle_color=”#FFFFFF” global_colors_info=”{}” content__hover_enabled=”on|hover” font_icon__hover_enabled=”on|hover” font_icon__hover=”%%1%%” custom_padding__hover_enabled=”on|desktop” custom_padding__hover=”|||10px|false|false” image_icon_background_color__sticky_enabled=”#2ea3f2″ image_icon_background_color__sticky=”#2ea3f2″ content__hover=”” theme_builder_area=”post_content”][\/et_pb_blurb][et_pb_blurb title=”Price Per Square foot” use_icon=”on” font_icon=”$||divi||400″ icon_color=”#00DF97″ image_icon_background_color=”#FFFFFF” icon_placement=”left” image_icon_width=”22px” content_max_width=”100%” _builder_version=”4.16″ _module_preset=”default” header_level=”h5″ header_font=”Poppins||||||||” header_font_size=”14px” header_line_height=”2.7em” body_line_height=”2em” image_icon_custom_padding=”8px|8px|8px|8px|false|false” module_alignment=”center” custom_margin=”-10px|||110px|false|false” custom_padding=”0px|||0px|false|false” link_option_url=”#Chapter5″ border_radii_image=”on|100%|100%|100%|100%” icon_font_size=”22px” use_circle=”on” circle_color=”#FFFFFF” global_colors_info=”{}” content__hover_enabled=”on|hover” font_icon__hover_enabled=”on|hover” font_icon__hover=”%%1%%” custom_padding__hover_enabled=”on|desktop” custom_padding__hover=”|||10px|false|false” image_icon_background_color__sticky_enabled=”#2ea3f2″ image_icon_background_color__sticky=”#2ea3f2″ content__hover=”” theme_builder_area=”post_content”][\/et_pb_blurb][et_pb_blurb title=”Sales to List Price Ratio” use_icon=”on” font_icon=”$||divi||400″ icon_color=”#00DF97″ image_icon_background_color=”#FFFFFF” icon_placement=”left” image_icon_width=”22px” content_max_width=”100%” _builder_version=”4.16″ _module_preset=”default” header_level=”h5″ header_font=”Poppins||||||||” header_font_size=”14px” header_line_height=”2.7em” body_line_height=”2em” image_icon_custom_padding=”8px|8px|8px|8px|false|false” module_alignment=”center” custom_margin=”-10px|||110px|false|false” custom_padding=”0px|||0px|false|false” link_option_url=”#Chapter6″ border_radii_image=”on|100%|100%|100%|100%” icon_font_size=”22px” use_circle=”on” circle_color=”#FFFFFF” global_colors_info=”{}” content__hover_enabled=”on|hover” font_icon__hover_enabled=”on|hover” font_icon__hover=”%%1%%” custom_padding__hover_enabled=”on|desktop” custom_padding__hover=”|||10px|false|false” image_icon_background_color__sticky_enabled=”#2ea3f2″ image_icon_background_color__sticky=”#2ea3f2″ content__hover=”” theme_builder_area=”post_content”][\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_divider color=”#00DF97″ divider_weight=”3px” _builder_version=”4.16″ _module_preset=”default” custom_margin=”-10px||||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||0px||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_font_size=”23px” text_line_height=”1.6em” custom_padding=”0px||||false|false” global_colors_info=”{}” theme_builder_area=”post_content”]Here are the latest statistics for the California Real Estate market. This information can be helpful whether you are looking to buy or sell a home, or if you just want to keep a pulse on what’s happening in the California real estate market.<\/p>\n

<\/strong>[\/et_pb_text][et_pb_image src=”https:\/\/homepie.com\/articles\/wp-content\/uploads\/2022\/07\/California_June2022.png” alt=”California Real Estate Market – June 2022″ title_text=”California_June2022″ align=”center” _builder_version=”4.17.3″ _module_preset=”default” width=”56%” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text module_id=”Chapter1″ _builder_version=”4.16″ _module_preset=”default” text_font_size=”23px” text_line_height=”1.6em” custom_padding=”0px||||false|false” global_colors_info=”{}” theme_builder_area=”post_content”]– # of Existing Home Sales<\/b>[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

Knowing the number of existing home sales tells you the volume of sales that are happening in a given market. This can help you understand how significant the changes in other statistics are in comparison with the overall real estate market.<\/span><\/p>\n

Compared to last year\u2019s, June<\/strong><\/span>\u00a02021<\/strong>, existing home sales are down 20.9<\/strong><\/span>%<\/strong> year over year for June<\/strong><\/span>\u00a02022<\/strong>. With a count of <\/span>344,970<\/strong> homes sold in June<\/strong>.<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text module_id=”Chapter2″ _builder_version=”4.16″ _module_preset=”default” text_font_size=”23px” text_line_height=”1.6em” custom_padding=”0px||||false|false” global_colors_info=”{}” theme_builder_area=”post_content”]– Median Price of Homes Sold<\/b>[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

The median sales price is a key number to watch. It tells you what a typical home in California sells for. This is not the average sales price, as that number can be heavily skewed by just a few very large (or small) sales. Rather, this is a much more realistic interpretation of a market.<\/span><\/p>\n

The median price has increased a whopping 5.4%<\/strong> year over year to $863,790<\/strong>.<\/span><\/p>\n

<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text module_id=”Chapter3″ _builder_version=”4.16″ _module_preset=”default” text_font_size=”23px” text_line_height=”1.6em” custom_padding=”0px||||false|false” global_colors_info=”{}” theme_builder_area=”post_content”]– Unsold Inventory<\/b>[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

Inventory is commonly formulated by dividing the number of homes currently for sale by the number of homes that sold the previous month. It tells us the current pace of home sales by calculating how many months it would take to sell off all the inventory available today, if no new homes hit the market. It has been said that a balanced market will have 4 to 6 months of inventory. Inventory below that indicates what\u2019s known as a \u201cseller\u2019s market\u201d, and inventory above that range indicates a \u201cbuyer\u2019s market\u201d.<\/span><\/p>\n

\u00a0<\/span>The amount of unsold inventory in June<\/span>\u00a0of 2022<\/strong> increased year over year in California by 47.1%<\/strong> equating to only 2.5 months<\/strong> of inventory.<\/span><\/span><\/p>\n

<\/b><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text module_id=”Chapter4″ _builder_version=”4.16″ _module_preset=”default” text_font_size=”23px” text_line_height=”1.6em” background_color=”RGBA(0,0,0,0)” custom_padding=”1px||||false|false” global_colors_info=”{}” theme_builder_area=”post_content”]– Median Time on Market<\/b>[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

The median time on market can help you understand how quickly homes are going under contract, meaning, how quickly a buyer and seller negotiate all of the terms of their sale and officially sign a purchase agreement. Then, typically, the seller or listing agent will change the status of a home from Active to Under Contract or Pending. This is when the purchase process begins, however, typically there are many hoops to jump through before actually closing the sale.<\/span><\/p>\n

For June<\/span>\u00a02022<\/strong>, the median time it took to sell a home in California was up 37.5%<\/strong> year over year to only 11 days<\/strong> on market.<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text module_id=”Chapter5″ _builder_version=”4.16″ _module_preset=”default” text_font_size=”23px” text_line_height=”1.6em” custom_padding=”0px||||false|false” global_colors_info=”{}” theme_builder_area=”post_content”]– Price Per Square foot<\/b>[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

Price per square foot is a useful piece of data, but keep in mind that this data can vary widely depending on many factors. This information is most useful when you are comparing comparable homes in an area, or when you are looking at how a defined real estate market has changed over time.\u00a0<\/span><\/p>\n

The median price per square foot in California for June<\/span>\u00a02022<\/strong>\u00a0was $424<\/strong> which is up 8.4%<\/strong> year over year.<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text module_id=”Chapter6″ _builder_version=”4.16″ _module_preset=”default” text_font_size=”23px” text_line_height=”1.6em” custom_margin=”0px||0px||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}” theme_builder_area=”post_content”]– Sales to List Price Ratio<\/b>[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

<\/span><\/p>\n

<\/span><\/p>\n

The Sales Price to List Price ratio gives you a good indication of how hot the market you are analyzing is. If it is over 100%, that means that generally speaking, homes are selling for more than their list price.\u00a0<\/span><\/p>\n

In California as a whole for June<\/span><\/strong>, the sales to list price ratio was 101.3%<\/strong>, down -2.8%<\/strong> year over year.<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ _module_preset=”default” custom_padding=”||0px|||” global_colors_info=”{}” theme_builder_area=”post_content”]Source:<\/strong> California Association of Realtors – Market at a Glance<\/span> <\/b>
\n<\/b><\/b><\/p>\n

<\/span><\/p>\n

<\/span>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

Here are the latest statistics for the California Real Estate market. This information can be helpful whether you are looking to buy or sell a home, or if you just want to keep a pulse on what’s happening in the California real estate market. – # of Existing Home SalesKnowing the number of existing home […]<\/p>\n","protected":false},"author":1,"featured_media":3335,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[99],"tags":[24,25,67,22,23,26],"class_list":["post-3333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates","tag-california-home-price","tag-california-real-estate","tag-california-real-estate-june-2022","tag-home-buyer","tag-home-sellers","tag-homepie-california"],"yoast_head":"\nCalifornia Real Estate Market At A Glance - June 2022<\/title>\n<meta name=\"description\" content=\"Here are the latest statistics for the California Real Estate market. 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