California Housing Market Report

California Housing Market Report

Homebuyers and Sellers, do you know what’s going on in the Real Estate world? Let’s take a look at the California Housing Market Report and see what’s going on with the numbers! 

Hi, I’m Tanja Odzak, eXp Realty, and I help people sell and buy homes here in the East Bay.

According to Redfin’s data available for September 2023, California single family home closed sales are down 19.6% from last year. However, home prices are up 4.5% compared to September last year, and selling for a median sales price of $786,300. So you can see, even though inventory has been low, closed sales data shows home prices continued to rise through September. The national average 30-year fixed mortgage rate is at 7.2% and the average days on market for a home to go pending is currently at 28 days. Across the state, the number of homes for sale is down 22.3% from last year and we are currently at a 2-month supply, meaning we are still in a seller’s market. Statewide, closed sales data shows a strong buyer demand for housing with 46.7% of homes selling above list price. 

The TOP region that people are leaving is San Francisco Metro Area! With 25,800 leaving in Q3. And the TOP Inbound region is the Sacramento Metro Area with 4,800 moving in. So if you need to sell a home, Call me! And if you need a great agent in Sac Town, I can hook you up there too!

Of course, Real Estate is very volatile and always changing. And keep in mind that a typical escrow is 30days, so data from CLOSED SALES only tells us what happened in the previous month. So this is WHY if you want to know what’s REALLY happening RIGHT NOW, RIGHT HERE in the East Bay, call me, I’m your East Bay real estate expert! I study the data and I’ll give you the most up-to-date numbers and help you get to where you’re going!

And ask me about my home selling plans.. I took the pain out of negotiating with a Realtor and made it SUPER simple. Really!  Choose Silver, Gold, or Platinum- Pick your Plan and Pick your Price. I’m Tanja and I sell homes. Let’s get you going, Call me today!

I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit. 

Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?



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