Nevada City Virtual Tour

Thursday, November 8, 2012

Fast California Home Real Estate Market Facts

Fast California Home Real Estate Market Facts

Calif. median home price: September 2012: $345,000 (Source: C.A.R.)
Calif. highest median home price by region/county September 2012: San Mateo, $779,000 (Source: C.A.R.)
Calif. lowest median home price by region/county September 2012: Madera, $120,000 (Source: C.A.R.)
Calif. Pending Home Sales Index: August 2012: 118.9, up 2.7 percent from July's 115.8

Calif. Traditional Housing Affordability Index: Second quarter 2012: 51 percent (Source: C.A.R.)

Mortgage rates: Week ending 10/25/2012 30-yr. fixed: 3.41% fees/points: 0.7% 15-yr. fixed: 2.72 fees/points: 0.6% 1-yr. adjustable: 2.59% Fees/points: 0.4% (Source: Freddie Mac)

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