Category: Market snapshot

In this report, you’ll find a high level snapshot of the trends shaping the market for each neighborhood across the SoCal region, from the Central Coast to Orange County. The full report is available here: SoCal Q1 2024 Market (Micro) Insights Report The post SoCal Quarterly Market Insights Report: Q1 2024 first appeared on California Real Estate Blog.

In this report, you’ll find a high level snapshot of the trends shaping the market for each neighborhood across Hawai’i. The full report is available here: Hawai’i Q1 2024 Market (Micro) Insights Report The post Hawai’i Quarterly Market Insights Report: Q1 2024 first appeared on California Real Estate Blog.

Market indicators look very positive as the market is warming up in the new year. Click the links below to access monthly market updates by Bay Area region. National Market Report Bay Area Home Price Maps San Francisco San Mateo County Santa Clara County Stanford Circle Cities Marin County Sonoma County Napa County Oakland-Berkeley Inner East Bay Tri-Valley, South Alameda County Diablo Valley Lamorinda North Contra Costa County Santa Cruz County Monterey County Greater Sacramento Market: Sacramento County Placer County … Continue reading “NorCal Monthly Market Insights Report: February 2024”

In this report, you’ll find a high level snapshot of the trends shaping the market for each neighborhood across the SoCal region, from the Central Coast to Orange County. The full report is available here: SoCal Q4 2023 Market (Micro) Insights Report The post SoCal Quarterly Market Insights Report: Q4 2023 first appeared on California Real Estate Blog.

In this report, you’ll find a high level snapshot of the trends shaping the market for each neighborhood across Hawai’i. The full report is available here: Hawai’i Q4 2023 Market (Micro) Insights Report The post Hawai’i Quarterly Market Insights Report: Q4 2023 first appeared on California Real Estate Blog.

The 2023 market was characterized by high interest rates, financial market uncertainty, surprisingly strong demand (considering the first two issues), and an extremely low supply of new listings – which maintained upward pressure on prices, even as housing affordability dropped. Sales numbers plunged due to loan rates and the inadequate supply of homes for sale, while for prospective sellers, the motivation to move was reduced by the mortgage lock-in effect. With interest rates falling, and economic conditions and consumer confidence … Continue reading “NorCal Monthly Market Insights Report: January 2024”

A Sudden, Positive Shift in Economic Indicators  “For the third sixth straight week, mortgage rates trended down, as new data indicates that inflationary pressures are receding. The combination of continued economic strength, lower inflation and lower mortgage rates should likely bring more potential homebuyers into the market.” Freddie Mac (FHLMC) Stock and bond markets – which greatly impact household wealth, consumer confidence, and interest rates – were generally characterized by deep pessimism in October, but with significant changes in economic indicators … Continue reading “NorCal Monthly Market Insights Report: December 2023”

Rising Interest Rates Continued to Impact Supply & Demand in October, But Early November Brings Big Shift in Economic Indicators The heart of the autumn selling season was dominated by global conflict, falling stock markets – and interest rates jumping to their highest point in 23 years, further discouraging buyers who require financing, and prospective sellers reluctant to abandon their current loan terms. Then on November 1st, the October jobs report came out, the Fed extended their pause on raising … Continue reading “NorCal Monthly Market Insights Report: November 2023”

It is our pleasure to bring you the Compass SoCal Q3 2023 Market Report. Third-quarter home sales activity around Southern California declined in part due to interest rates. Exceptions included the Santa Barbara County beach town of Carpinteria where home sales activity increased by 38 percent. An 8 percent decline in the median sales price for single-family homes in Carpinteria to $1.6 million may have fueled that activity.  Heading down the coast to Malibu Beach the median price for single-family … Continue reading “SoCal Quarterly Market Insights Report: Q3 2023”