The California MaRKET

According to the Redfin report in March of 2023 home prices in all of California were down seven point eight percent compared to last year, selling for a median price of $743,200. On average, the number of homes sold was down 33.4% year over year and there were 23,937 homes sold in March this year, this is down 35,000 plus homes sold in March of last year. Homes listed were down The median days on the market was thirty seven days. A look at the entire California market in March shows it has slowed down, most of this effect is due to the higher interest rates. In some areas the weather was delaying what would usually be a busy market. Another reason the number of homes sold was down because the number of homes listed were down, meaning not enough homes were on the market.