Affordability, inventory continue to be an issue in California

Despite San Francisco seeing an increase in inventory, state supply remains tight
by Staff Writer
August 19, 2016
  • Median home price for a single-family home in California through the month of July was $509,830.
  • San Francisco County had the highest price per square foot, at $824.
  • The statewide median number of days it took to sell a single-family home went down to 28 days, one day lower than July 2015.

Despite remaining above the 400,000 home sales mark for four consecutive months, California is selling less homes than forecasted.