top of page

California Market is Still Very HOT!


Competition Continues in CA Housing Market and the market is still HOT, HOT, HOT! Here is a quick summary from the California Association of Realtors


  • California has already recovered all the sales it lost in the first half of the year

  • Sales of existing single-family homes surpassed the 500,000 benchmark for the first time since January 2009

  • Inventory remained extremely low, with active listings declining 18 percent in November 2020 from the prior month and 46.6 percent from a year ago

  • Homes for sale also received multiple offers more frequently, and the average number of offers per sale transaction reached their highest levels since 2013.

  • According to the 2020 Annual Housing Market Survey released by the California Association of REALTORS® (C.A.R.), nearly two-thirds (59.2 percent) of homes sold in 2020 received multiple offers at an average of 4.8 offers per home.

  • Many properties were sold above asking price this year with their share to total sales up nearly 10 percent from 2019.

  • The sales-price-to-list-price ratio in California also set a new record high. In November 2020, the ratio was at 100.5 percent and was the highest ever recorded in the past 30 years.

  • Record low rates continue to keep buying interest above last year’s level and higher than the norm.

It looks like the California market will likely remain heated and very competitive for the first half of 2021.

Source: CALIFORNIA ASSOCIATION OF REALTORS-December

  • Debora Sanders Realtor Instagram - Your Central Coast Realtor
  • Debora Sanders Realtor Facebook
  • Debora Sanders Realtor Youtube
  • Debora Sanders Realtor Linkedin

Sotheby's International Realty
3775 Via Nona Marie Suite 100, Carmel CA 93923
831-624-9700

License: DRE#01966114

PSA_logo_edited.png
WCR logo.jpg
ILHM_Member_Seal_RGB_Small_1187628351_9922.png
ILHM_GUILD_Seal_RGB_Small_1187628351_1170.png
ILHM_CLHMS_Seal_Grayscale_thumbnail_125_1187628351_7872.png

Debora Sanders is a real estate salesperson licensed by the state of California affiliated with Sotheby's International Realty. Sotheby's International Realty is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting, or other professional advice outside the realm of real estate brokerage.

*All Rights Reserved*

Designed by Kollaborativ  

bottom of page