It was probably inevitable. For the first time since August 2014, statewide pending home sales in California decreased in January on a year-over-year basis. Los Angeles county was off 5 percent. The San Francisco Bay Area was off 4.7 percent. The only year-over-year gains were seen in Monterey and San Francisco counties.
- The California Association of Realtors report on January's market conditions revealed a slowdown in pending homes.
- The year-over-year slowing was statewide, whereas month-over-month figures were better.
- The Market Pulse Survey showed that Realtors are still confident in the market.
Let's make 2018 your breakout year!
Join real estate's best to unlock growth at Connect SF, July 17-20, 2018