---
title: California Association of Realtors - California November 2017
---

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California Association of Realtors Investor Update - November 2017

[Click here](http://www.car.org/marketdata/data/countysalesactivity/) for a comprehensive report by our friends at CAR.

Here are some of the highlights from the CAR November Report:

- Home Price Appreciations have moderated since mid-2013
- Price Per Square Foot is $277, Up 2.5% over October and up 8.9% YTY
- Sales price-to-list price dips below 100% to 98.9%, up 0.7% from November 2016
- Inventory declined annually for the 16th consecutive month
- Supply was constrained across most price points, but was most noticeable in the low end market
- Inventory continued to drop across all regions, especially in the Bay Area

 

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California real estate sales transactions for November 2017 declined for the third straight month. November 2017 Sales were 440,340 units which represents a slight gain of 1.5% YTD. However, it also represented a 0.8% decline YTY. California home sales decreased as a whole in November, with Bay Area Sales increasing slightly while Southern California and Central Valley home sales were down. The trend of more homes being sold above the $500,000 mark compared to the same month of the year before continued in November. Consequently, sales improved in mid and high-priced markets but continued to decline in lower priced segments. California median home price continued to grow over last year. The November 2017 median price was $546,820, which is an increase of 0.1% over last month and is up 8.8% YTY.

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