This was due to a decrease in open houses and house demonstrations that cannot be held in these conditions. Existing domestic single family sales in April amounted to 277 440 at a seasonally adjusted annualized rate, down 25.6% in March and down 30.1% in April 2019. Furthermore, sales in escrow have been delayed due to the closure or limited availability of all essential domestic sales services. properties for sale
For the second consecutive month of April, the median state price remained above the $600,000 benchmark, with price growth clearly showing a smooth increase in comparison to the last six months. The median price of $606,410 in April for existing one family homes in the state declined by 1.0% from March, and by April 2019 the median price of $603,030 the 0.6% increase was essentially flat. The annual price gain was significantly lower than the average six-month gain of 7.8 percent between October 2019 and March 2020.
California's home sales have fallen to the lowest level as the housing market in May experienced full impact from the coronavirus pandemic, according to the CALIFORNIA ASSOCIATION OF REALTORS® release of 16 June. As the demand for housing in California dropped sharply in May, home prices also decreased. The median home price fell for the first time since February 2012 below the price of last year, breaking the state's 98-month year-over-year price increase.
All major regions recorded a decrease in sales of over 35% from last year. The Bay Area and the Central Coast fell by -51,1%. Home sales in Southern California fell by –45.6% and the Central Valley by –36.6%. Existing single-family home sales decreased by 13.9% in April and by 41.4% in May 2019. May's median national home price decreased by 3.0 percent in April and by 3.7 percent in May 2019 by $588,070. In May, statewide sales decreased by 12.9 percent year-to-date.
In May, median prices continued to decrease in the Central Coast and Bay Area from the last year but slightly increased in the Central Valley. The median home price in Southern California was virtually unchanged. The unsold inventory index in May sprang from 3.4 months in April to 4.3 months, and in May 2019 it rose from 3.2 months. For the 11th consecutive month, total active listings continued to decline annually.
The 34% decrease in listings over the course of the year was the largest decrease since March 2013. The average number of days required to sell a single-family home in California dipped from 18 days in May 2019 to 17 days. The state-wide sales-to-list price ratio of C.A.R. stood at 99.7 percent in May 2020, up somewhat from 99.3 percent in May 2019.
California's Realtors and landlords experienced a great rebound in June after its worst month in 13 years. The most important recovery has been in the housing markets of Los Angeles, San Francisco, San Jose, San Diego and Sacramento. Home Sales increased by 42.4% from May and by 12.8% from June 2019. The luxury market was the most affected by over 50 percent declines in sales. Sales price to list The price ratio in June to 99.5% means that homes are sold at very prices.
The statewide median home price for June amounted to $626,170, up 6.5% from May and up 2.5% from June 2019. Single-family home prices in the state have increased by 6.5 per cent to $626, 170 or up by $38,000 over the previous month. Sales grew by 42.5% in May. California condo prices rose by 4.6 percent and sales rose by 68.5 percent month-to-month. Condo prices have risen by 4.6% YY while sales have dropped by 16.2%.
The return in COVID-19 cases remains a national concern as well as in California, and in the second half of 2020 it may impede the recovery of the housing market. In the meantime, the lowest mortgage rates ever were able to increase purchaser activities, which in turn could help to maintain sales growth in the coming months.
After falling to the lowest level since the Great Recession, home sales continued to improve in August as the median home price broke down last month's record and reached another high in the 16 September release by the C.A.R.
Existing domestic sales for single families amounted to 465,400 in August, up 6.3 per cent in July and up 14.6 per cent in August 2019 at an annualised seasonally adjusted rate. The national average home price in August was $706,900 up 6.1% in July and up 14.5% in August 2019. Statewide home sales decreased by 6.8 percent year-to-date in August.
In September, the housing market in California exceeded expectations and the fourth straight month record high median price went up. Existing sales of single family homes amounted to 489,590 in September, up 5.2 percent from August and up 21.2 percent from September 2019 at the seasonally adjusted annualized rate.
The statewide median home price for September was $712,430 in August up by 0.8% and in September 2019 up by 17.6%. Statewide domestic sales fell by 3.7 percent year-to-date in September. For the second consecutive month, the home price exceeded the $700,000 mark.
Existing single-family home sales amounted to 484,510 in October, down 1.0 percent from September and up 19.9 percent from September 2019 on a seasonally adjusted annualized rate. The state-wide median home price of October was $711,300, down 0.2% in September and up 17.5% in October 2019. Statewide home sales decreased by 1.3 percent year-to-date in October.
Existing single family sales in November totalled 508,820, up 5.0 percent from October and 26.3 percent from November 2019 at seasonally adjusted annualized rate. The state-wide median home price of November was $699,000 down 1.7% from October and up 18.5% from November 2019. Statewide home sales increased 1.3 percent year-to-date in November.
Existing domestic single-family sales in December amounted to 509,750 at the seasonally adjusted annualised rate, up 0,2% from November and up 28% from December 2019. The median state home price for December was 717,930, up 2.7% from November and up 16.8% from December 2019. Overall, sales of existing state-wide homes rose by 3.5% from last year by 2020.
In January 2021, the current sales for single-family homes amounted to 484,730 with a seasonally adjusted annualized rate, down 4.9% from December and up 22.5% from January 2020. January 2015 was $699,890, a decrease of 2.5% from December and up 21.7% from January 2020.
In February, existing single-family home sales amounted to 462,720, down 4.5% from January and up 9.7% from February 2020, at a seasonally adjusted annualized rate. The state-wide median house price in February amounted to $699,000, down from January by 0.1% and up by February by 20.6%, according to the C.A.R.