November 2020 in California was a killer month with real estate hitting some record numbers!
The Lawhead Team would like to share November’s home sales statistics for California. Stay tuned for December’s coming shortly also! If you are thinking of selling, now is the time!!
Inventory was at the lowest level it has been in California in over 16 years! There is 1.9 months of supply.
A home, in November, stayed on the market for 9.0 days on average. This is a record low time for homes to stay on the market.
Sales to list price ratio was 100.5% – the highest record in the last 30 years!
Home sales reached the highest number in 15 years. California existing single-family home sales reached an average of $508,820. The year to year growth for California existing single-family home sales went up 26.3%.
California existing single-family home median price as of the end of November 2020 is $699,000.
Call The Lawhead Team to find out what your home is worth, Because Two Lawheads Are Better Than One!