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California May 2007 Home Sales
June 15, 2007
A total of 36,975 new and resale houses and condos were sold statewide last month. That's up 5.8 percent from 34,949 for April, and down 31.7 percent from 54,099 for May 2006. Last month's sales made for the slowest May since 1995 when 32,223 homes were sold. May sales from 1988 to 2007 range from 32,952 in 1993 to 67,958 in 2004. The average is 48,780. On a year-over-year basis, sales have declined the last 20 months.
The median price paid for a home last month was $484,000, unchanged from the record high for March and April. That was up 2.5 percent from $472,000 for May a year ago.
The typical mortgage payment that home buyers committed themselves to paying last month was $2,266. That was up from $2,258 in April, and down from $2,312 for May a year ago. The peak was $2,372 last June. Adjusted for inflation, mortgage payments are 8.1 percent above the spring 1989 peak of the prior real estate cycle.
DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates, monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts. The numbers cover all sales, new and resale, houses and condos.
Indicators of market distress are moving in different directions. Financing with adjustable-rate mortgages has declined significantly. Foreclosure activity is up, although foreclosure properties are not yet a drag on home values in most markets. Down payment sizes are stable and flipping rates and non-owner occupied buying activity is down, DataQuick reported.
Media calls: Andrew LePage (916)456-7157 or John Karevoll (909) 867-9534
Copyright 2005 DataQuick Information Systems.
All rights reserved.
California January 2008 Home Sale Report
February 18, 2008
Bay Area home sales lowest for any month in two decadesFebruary 14, 2008
Southland home sales slowest for any month in 20 yearsFebruary 13, 2008
California Foreclosure Activity Still RisingJanuary 22, 2008
California December 2007 Home Sale ReportJanuary 17, 2008
Bay Area home sales drag along bottom, median price back to 2005 levelJanuary 17, 2008
Continued nose-dive for Southland home salesJanuary 15, 2008
Las Vegas November 2007 Home Sale ReportDecember 31, 2007
Phoenix Novemmber 2007 Home Sale ReportDecember 31, 2007
California November 2007 Home Sale ReportDecember 21, 2007
Bay Area home sales stuck at two-decade low; price picture mixedDecember 20, 2007
Southland prices fall again; sales perk upDecember 18, 2007
California October 2007 Home Sale ReportNovember 15, 2007
Bay Area home sales drag along bottomNovember 15, 2007
Southland home sales plummetNovember 14, 2007
Las Vegas September 2007 Home Sale ReportNovember 7, 2007
Phoenix September 2007 Home Sale ReportNovember 7, 2007
Record California Foreclosure ActivityOctober 26, 2007
California September 2007 Home Sale ReportOctober 22, 2007
Bay Area home sales plummet amid mortgage woesOctober 18, 2007
September Southland home sales lowest in more than 20 yearsOctober 16, 2007
Portland August 2007 Home Sale ReportOctober 3, 2007
Seattle August 2007 Home Sale ReportOctober 1, 2007
Sarasota August 2007 Home Sale ReportSeptember 28, 2007
Miami August 2007 Home Sale ReportSeptember 28, 2007
Las Vegas August 2007 Home Sale ReportSeptember 24, 2007
Phoenix August 2007 Home Sale ReportSeptember 24, 2007
California August 2007 Home Sale ReportSeptember 17, 2007
Bay Area home sales slowest since early 1990s, flat pricesSeptember 13, 2007
SoCal home sales at 15-year low, prices edge downSeptember 12, 2007
California July 2007 Home Sale ReportAugust 17, 2007
Bay Area home prices steady, slow salesAugust 15, 2007
Southland home sales slowest since 1995August 14, 2007
Portland June 2007 Home Sale ReportAugust 10, 2007
Denver June 2007 Home Sale ReportAugust 10, 2007
Seattle June 2007 Home Sale ReportAugust 10, 2007
Las Vegas June 2007 Home Sale ReportAugust 10, 2007
Phoenix June 2007 Home Sale ReportAugust 10, 2007
Sarasota June 2007 Home Sale ReportAugust 10, 2007
Miami June 2007 Home Sale ReportAugust 10, 2007
California Foreclosure Activity Continues to RiseJuly 24, 2007
California June 2007 Home Sale ReportJuly 20, 2007
Bay Area home sales still slow, prices upJuly 18, 2007
Southland home sales slowest since 1993July 17, 2007
Denver May 2007 Home Sale ReportJune 27, 2007
Seattle May 2007 Home Sale ReportJune 27, 2007
Las Vegas May 2007 Home Sale ReportJune 27, 2007
Phoenix May 2007 Home Sale ReportJune 27, 2007
Miami May 2007 Home Sale ReportJune 27, 2007
California May 2007 Home Sale ReportJune 15, 2007
Bay Area home sales drop, prices upJune 14, 2007
Continued slow for Southland home salesJune 13, 2007
Portland April 2007 Home Sale ReportMay 28, 2007
Denver April 2007 Home Sale ReportMay 28, 2007
Seattle April 2007 Home Sale ReportMay 28, 2007
Las Vegas April 2007 Home Sale ReportMay 21, 2007
Phoenix April 2007 Home Sale ReportMay 21, 2007
Miami April 2007 Home Sale ReportMay 21, 2007
Sarasota April 2007 Home Sale ReportMay 21, 2007
California April 2007 Home Sale ReportMay 16, 2007
Bay Area home sales drop, prices upMay 16, 2007
Further slowdown for Southland home salesMay 15, 2007
Miami March 2007 Home Sale ReportMay 4, 2007
Sarasota March 2007 Home Sale ReportMay 4, 2007
California Foreclosure Activity Jumps AgainApril 16, 2007
California March 2007 Home Sale ReportApril 12, 2007
Slow sales, record median for Southland homesApril 12, 2007
Bay Area home prices up, sales still slowApril 12, 2007
Portland February 2007 Home Sale ReportApril 10, 2007
Denver February 2007 Home Sale ReportApril 10, 2007
Seattle February 2007 Home Sale ReportApril 5, 2007
Las Vegas February 2007 Home Sale ReportApril 3, 2007
Phoenix February 2007 Home Sale ReportApril 3, 2007
Miami February 2007 Home Sale ReportApril 3, 2007
Sarasota February 2007 Home Sale ReportApril 3, 2007
California February 2007 Home Sale ReportMarch 16, 2007
Bay Area home sales lowest since 1996, prices still flatMarch 15, 2007
Southland home sales slowest in a decade; new price peakMarch 14, 2007
Steep drop in sales of California vacation homesFebruary 22, 2007
California January 2007 Home Sale ReportFebruary 15, 2007
Bay Area home prices edge down, slowest sales in eleven yearsFebruary 15, 2007
Southland home sales: Slowest January since 1998, stable pricesFebruary 14, 2007
California Foreclosure Activity Jumps AgainJanuary 24, 2007
California December Home Sale ReportJanuary 17, 2007
Bay Area home prices flat, slow salesJanuary 17, 2007
Southland home sales: New price peak, slowest December in ten yearsJanuary 16, 2007
California November Home Sale ReportDecember 15, 2006
Bay Area home prices decline, sales at five-year lowDecember 14, 2006
Southland home sales slowest since 1997December 13, 2006
California October Home Sale ReportNovember 16, 2006
Bay Area home sales slow, prices flatNovember 15, 2006
Southland home sales slow to ten-year lowNovember 14, 2006
Steep Increase in California Foreclosure ActivityOctober 18, 2006
California September Home Sale ReportOctober 17, 2006
Bay Area home prices decline, sales slowOctober 17, 2006
Continued slowdown for Southland home salesOctober 12, 2006