![Page 1: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/1.jpg)
CaliforniaHousing Market Update
Monthly Sales and Price Statistics
February 2021
![Page 2: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/2.jpg)
Existing Home Sales
% change+9.7% YTY
California housing market: sales dipped for the second month as price growth remained robust
page
02
Price
$699,000+20.6% Y2Y
Unsold Inventory Index
2.0 months-44.4% Y2Y
Median Days on Market
10 days-56.5% Y2Y
February 2021
CALIFORNIA ASSOCIATION OF REALTORS®
+15.9% YTD
462,720
![Page 3: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/3.jpg)
Existing Home Sales% change
+10.5% YTY
February 2021 Southern California Housing Snapshot
page
3
Unsold Inventory Index
2.0 months
Median Days on Market
10 days
Sales Price to List Price Ratio
100.8%
CALIFORNIA ASSOCIATION OF REALTORS®
+12.0% YTD
Existing Home Price% change
$675,000
+16.4% YTY
![Page 4: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/4.jpg)
Existing Home Sales% change
+22.4% YTY
February 2021 Central Coast Housing Snapshot
page
4
Unsold Inventory Index
2.4 months
Median Days on Market
13 days
Sales Price to List Price Ratio
100.0%
CALIFORNIA ASSOCIATION OF REALTORS®
+21.2% YTD
Existing Home Price% change
$828,500
+15.9% YTY
![Page 5: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/5.jpg)
Existing Home Sales% change
-0.3% YTY
February 2021 Central Valley Housing Snapshot
page
5
Unsold Inventory Index
1.9 months
Median Days on Market
7 days
Sales Price to List Price Ratio
101.2%
CALIFORNIA ASSOCIATION OF REALTORS®
+3.3% YTD
Existing Home Price% change
$405,000
+19.1% YTY
![Page 6: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/6.jpg)
Existing Home Sales% change
+16.1% YTY
February 2021 Bay Area Housing Snapshot
page
6
Unsold Inventory Index
2.1 months
Median Days on Market
10 days
Sales Price to List Price Ratio
104.3%
CALIFORNIA ASSOCIATION OF REALTORS®
+23.6% YTD
Existing Home Price% change
$1,151,500
+26.5% YTY
![Page 7: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/7.jpg)
Existing Home Sales% change
+17.3% YTY
February 2021 Far North Housing Snapshot
page
7
Unsold Inventory Index
2.8 months
Median Days on Market
37 days
Sales Price to List Price Ratio
100.0%
CALIFORNIA ASSOCIATION OF REALTORS®
+5.2% YTD
Existing Home Price% change
$335,000
+11.7% YTY
![Page 8: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/8.jpg)
Sales
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Sales had the smallest yearly growth in seven months
page
9
California, February 2021 Sales: 462,720 Units, +15.9% YTD, +9.7% YTY, -4.5% MTM
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
Ja
n-0
5
Se
p-0
5
Ma
y-0
6
Ja
n-0
7
Se
p-0
7
Ma
y-0
8
Ja
n-0
9
Se
p-0
9
Ma
y-1
0
Ja
n-1
1
Se
p-1
1
Ma
y-1
2
Ja
n-1
3
Se
p-1
3
Ma
y-1
4
Ja
n-1
5
Se
p-1
5
Ma
y-1
6
Ja
n-1
7
Se
p-1
7
Ma
y-1
8
Ja
n-1
9
Se
p-1
9
Ma
y-2
0
Ja
n-2
1
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 10: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/10.jpg)
Sales growth dipped below 10% for the first time since July 2020
page
10
9.7%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
Year-over-Year % Chg 6 per. Mov. Avg. (Year-over-Year % Chg)
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 11: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/11.jpg)
Bay Area sales growth moderated
page
11
16.1%
-60%
-40%
-20%
0%
20%
40%
60%
Ja
n-1
0
Ma
y-1
0
Se
p-1
0
Ja
n-1
1
Ma
y-1
1
Se
p-1
1
Ja
n-1
2
Ma
y-1
2
Se
p-1
2
Ja
n-1
3
Ma
y-1
3
Se
p-1
3
Ja
n-1
4
Ma
y-1
4
Se
p-1
4
Ja
n-1
5
Ma
y-1
5
Se
p-1
5
Ja
n-1
6
Ma
y-1
6
Se
p-1
6
Ja
n-1
7
Ma
y-1
7
Se
p-1
7
Ja
n-1
8
Ma
y-1
8
Se
p-1
8
Ja
n-1
9
Ma
y-1
9
Se
p-1
9
Ja
n-2
0
Ma
y-2
0
Se
p-2
0
Ja
n-2
1
Yo
Y %
ch
g.
Bay Area 6 per. Mov. Avg. (Bay Area)
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 12: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/12.jpg)
So. California sales growth continued to decelerate
page
12
10.5%
-50%-40%-30%-20%-10%
0%10%20%30%40%
Ja
n-1
0
Ma
y-1
0
Se
p-1
0
Ja
n-1
1
Ma
y-1
1
Se
p-1
1
Ja
n-1
2
Ma
y-1
2
Se
p-1
2
Ja
n-1
3
Ma
y-1
3
Se
p-1
3
Ja
n-1
4
Ma
y-1
4
Se
p-1
4
Ja
n-1
5
Ma
y-1
5
Se
p-1
5
Ja
n-1
6
Ma
y-1
6
Se
p-1
6
Ja
n-1
7
Ma
y-1
7
Se
p-1
7
Ja
n-1
8
Ma
y-1
8
Se
p-1
8
Ja
n-1
9
Ma
y-1
9
Se
p-1
9
Ja
n-2
0
Ma
y-2
0
Se
p-2
0
Ja
n-2
1
So CA 6 per. Mov. Avg. (So CA)
Yo
Y %
ch
g.
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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Central Valley had its first decline since June 2020
page
13
-0.3%
-40%
-30%
-20%
-10%
0%
10%
20%
30%Ja
n-1
0
Ma
y-1
0
Se
p-1
0
Ja
n-1
1
Ma
y-1
1
Se
p-1
1
Ja
n-1
2
Ma
y-1
2
Se
p-1
2
Ja
n-1
3
Ma
y-1
3
Se
p-1
3
Ja
n-1
4
Ma
y-1
4
Se
p-1
4
Ja
n-1
5
Ma
y-1
5
Se
p-1
5
Ja
n-1
6
Ma
y-1
6
Se
p-1
6
Ja
n-1
7
Ma
y-1
7
Se
p-1
7
Ja
n-1
8
Ma
y-1
8
Se
p-1
8
Ja
n-1
9
Ma
y-1
9
Se
p-1
9
Ja
n-2
0
Ma
y-2
0
Se
p-2
0
Ja
n-2
1
Central Valley 6 per. Mov. Avg. (Central Valley)
Yo
Y %
ch
g.
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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CALIFORNIA ASSOCIATION OF REALTORS®
Sales by Region
page
14
-0.3%
16.1%
10.5%
22.4%
17.3%
12.9%
-5%
0%
5%
10%
15%
20%
25%
February 2021 Home Sales
Growth by Region
Central
Valley
20%
S.F. Bay
Area
17%Southern
California
50%
Central
Coast
4%
Far North
3%
Other
Counties
6%
February 2021
Home Sales by Region
![Page 15: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/15.jpg)
Sales growth more robust in higher price segments
page
15
February 2021
(YTY% Chg.)
-38%
-12%
0%14%
46% 50%
79%
-60%-40%-20%
0%20%40%60%80%
100% 35%
42%
23%
47%
37%
16%
$0 - $499k
$500 - $999k
$1M+
Share by Price Segment
2021
2020
SERIES: Sales of Existing Detached Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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Sales growth continued to moderate in all price segments except for the top end
page
16
-80%-60%-40%-20%
0%20%40%60%80%
100%120%140%
De
c-1
8
Ja
n-1
9
Fe
b-1
9
Ma
r-1
9
Ap
r-19
Ma
y-1
9
Ju
n-1
9
Ju
l-1
9
Au
g-1
9
Se
p-1
9
Oc
t-19
No
v-1
9
De
c-1
9
Ja
n-2
0
Fe
b-2
0
Ma
r-2
0
Ap
r-2
0
Ma
y-2
0
Ju
n-2
0
Ju
l-2
0
Au
g-2
0
Se
p-2
0
Oc
t-20
No
v-2
0
De
c-2
0
Ja
n-2
1
Fe
b-2
1
YTY
% C
hg
. in
Sa
les
$0 - $299k $300 - $399k $400 - $499k $500 - $749k
$750 - $999k $1,000 - $1,999k $2,000k+
SERIES: Percent Change in Sales
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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Pending sales growth dropped below 20 percent for the first time in nine months
page
17
17.9%
-60%
-40%
-20%
0%
20%
40%
60%
Ja
n-1
7
Ma
r-1
7
Ma
y-1
7
Ju
l-1
7
Se
p-1
7
No
v-1
7
Ja
n-1
8
Ma
r-1
8
Ma
y-1
8
Ju
l-1
8
Se
p-1
8
No
v-1
8
Ja
n-1
9
Ma
r-1
9
Ma
y-1
9
Ju
l-1
9
Se
p-1
9
No
v-1
9
Ja
n-2
0
Ma
r-2
0
Ma
y-2
0
Ju
l-2
0
Se
p-2
0
No
v-2
0
Ja
n-2
1YTY
% C
hg
. in
Pe
nd
ing
Sa
les
SERIES: Percent Change in Pending Sales
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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Price
![Page 19: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/19.jpg)
California median price had back-to-back 20 percent price growth
page
19
California, February 2021: $699,000, -0.1% MTM, +20.6% YTY
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
Ja
n-0
5
Se
p-0
5
Ma
y-0
6
Ja
n-0
7
Se
p-0
7
Ma
y-0
8
Ja
n-0
9
Se
p-0
9
Ma
y-1
0
Ja
n-1
1
Se
p-1
1
Ma
y-1
2
Ja
n-1
3
Se
p-1
3
Ma
y-1
4
Ja
n-1
5
Se
p-1
5
Ma
y-1
6
Ja
n-1
7
Se
p-1
7
Ma
y-1
8
Ja
n-1
9
Se
p-1
9
Ma
y-2
0
Ja
n-2
1
SERIES: Median Price of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 20: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/20.jpg)
Condo/Townhome median price bounced back and set a new record high
page
20
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000Ja
n-0
5
Au
g-0
5
Ma
r-06
Oc
t-06
Ma
y-0
7
De
c-0
7
Ju
l-0
8
Fe
b-0
9
Se
p-0
9
Ap
r-10
No
v-1
0
Ju
n-1
1
Ja
n-1
2
Au
g-1
2
Ma
r-13
Oc
t-13
Ma
y-1
4
De
c-1
4
Ju
l-1
5
Fe
b-1
6
Se
p-1
6
Ap
r-17
No
v-1
7
Ju
n-1
8
Ja
n-1
9
Au
g-1
9
Ma
r-2
0
Oc
t-20
Me
dia
n P
ric
e
SERIES: Median Price of Existing Condos/Townhomes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
California, February 2020: $480,000, February 2021: $530,000
![Page 21: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/21.jpg)
Median price growth for Single-Family Homes continued to outperform that of Condos
page
21
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%Ja
n-0
5
Se
p-0
5
Ma
y-0
6
Ja
n-0
7
Se
p-0
7
Ma
y-0
8
Ja
n-0
9
Se
p-0
9
Ma
y-1
0
Ja
n-1
1
Se
p-1
1
Ma
y-1
2
Ja
n-1
3
Se
p-1
3
Ma
y-1
4
Ja
n-1
5
Se
p-1
5
Ma
y-1
6
Ja
n-1
7
Se
p-1
7
Ma
y-1
8
Ja
n-1
9
Se
p-1
9
Ma
y-2
0
Ja
n-2
1
YTY
% C
hg
. in
Pri
ce
Condo Single-Family Homes
SERIES: Median Price of Existing Condo/Townhomes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 22: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/22.jpg)
Price/Square foot highest since July 2007
page
22
February 2021: $338, +2.1% MTM, +19.4% YTY
$0
$50
$100
$150
$200
$250
$300
$350
$400
Ja
n-0
7
Ju
l-0
7
Ja
n-0
8
Ju
l-0
8
Ja
n-0
9
Ju
l-0
9
Ja
n-1
0
Ju
l-1
0
Ja
n-1
1
Ju
l-1
1
Ja
n-1
2
Ju
l-1
2
Ja
n-1
3
Ju
l-1
3
Ja
n-1
4
Ju
l-1
4
Ja
n-1
5
Ju
l-1
5
Ja
n-1
6
Ju
l-1
6
Ja
n-1
7
Ju
l-1
7
Ja
n-1
8
Ju
l-1
8
Ja
n-1
9
Ju
l-1
9
Ja
n-2
0
Ju
l-2
0
Ja
n-2
1
PR
ICE P
ER
SQ
. FT.
SERIES: Median Price Per Square Feet of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 23: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/23.jpg)
Price/Square foot: the gap between condo/townhomes and single-family homes started widening again
page
23
$338
$449
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
Ja
n-0
7
Ju
l-0
7
Ja
n-0
8
Ju
l-0
8
Ja
n-0
9
Ju
l-0
9
Ja
n-1
0
Ju
l-1
0
Ja
n-1
1
Ju
l-1
1
Ja
n-1
2
Ju
l-1
2
Ja
n-1
3
Ju
l-1
3
Ja
n-1
4
Ju
l-1
4
Ja
n-1
5
Ju
l-1
5
Ja
n-1
6
Ju
l-1
6
Ja
n-1
7
Ju
l-1
7
Ja
n-1
8
Ju
l-1
8
Ja
n-1
9
Ju
l-1
9
Ja
n-2
0
Ju
l-2
0
Ja
n-2
1
PR
ICE P
ER
SQ
. FT.
Diff. in Price/Sq. Ft. SFH Condo/Townhome
SERIES: Median Price Per Square Feet of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 24: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/24.jpg)
Sales price-to-list price ratio set a record high
page
24
February 2021: 101.0%, 0.8% MTM, +1.9% YTY
90%
92%
94%
96%
98%
100%
Ja
n-0
7
Ju
l-0
7
Ja
n-0
8
Ju
l-0
8
Ja
n-0
9
Ju
l-0
9
Ja
n-1
0
Ju
l-1
0
Ja
n-1
1
Ju
l-1
1
Ja
n-1
2
Ju
l-1
2
Ja
n-1
3
Ju
l-1
3
Ja
n-1
4
Ju
l-1
4
Ja
n-1
5
Ju
l-1
5
Ja
n-1
6
Ju
l-1
6
Ja
n-1
7
Ju
l-1
7
Ja
n-1
8
Ju
l-1
8
Ja
n-1
9
Ju
l-1
9
Ja
n-2
0
Ju
l-2
0
Ja
n-2
1
Sa
les-
to-L
ist
Pri
ce
Ra
tio
SERIES: Sales to List Ratio of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 25: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/25.jpg)
List price growth moderate while sales price growth remained elevated
page
25
-20%
-10%
0%
10%
20%
30%
40%
50%
60%Ja
n-1
2
Ma
y-1
2
Se
p-1
2
Ja
n-1
3
Ma
y-1
3
Se
p-1
3
Ja
n-1
4
Ma
y-1
4
Se
p-1
4
Ja
n-1
5
Ma
y-1
5
Se
p-1
5
Ja
n-1
6
Ma
y-1
6
Se
p-1
6
Ja
n-1
7
Ma
y-1
7
Se
p-1
7
Ja
n-1
8
Ma
y-1
8
Se
p-1
8
Ja
n-1
9
Ma
y-1
9
Se
p-1
9
Ja
n-2
0
Ma
y-2
0
Se
p-2
0
Ja
n-2
1
YTY
% C
hg
. in
Pri
ce
Listing Price Sales Price
SERIES: Sales to List Ratio of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 26: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/26.jpg)
Price growth up by double digits in all percentiles; strongest gain in the top end
page
26SERIES: Median Price of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
19.6% 20.3% 19.8%21.8%
26.4% 26.4%24.0%
27.3%30.2%
0%
5%
10%
15%
20%
25%
30%
35%
0-20 20-40 40-60 60-80 80-100 80-85 86-90 91-95 96-100
Percentile
Year-over-Year Price Growth
![Page 27: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/27.jpg)
Price growth slowed faster at top percentile; all percentiles grew by double-digits from a year ago
page
27
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
YTY
% C
hg
. in
Pri
ce
0-20 20-40 40-60 60-80 80-100
SERIES: Percent Change in Price
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 28: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/28.jpg)
California Market Velocity and Price Growth
page
28
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
De
c-0
8M
ar-
09
Ju
n-0
9Se
p-0
9D
ec
-09
Ma
r-10
Ju
n-1
0Se
p-1
0D
ec
-10
Ma
r-1
1Ju
n-1
1Se
p-1
1D
ec
-11
Ma
r-12
Ju
n-1
2Se
p-1
2D
ec
-12
Ma
r-13
Ju
n-1
3Se
p-1
3D
ec
-13
Ma
r-14
Ju
n-1
4Se
p-1
4D
ec
-14
Ma
r-15
Ju
n-1
5Se
p-1
5D
ec
-15
Ma
r-16
Ju
n-1
6Se
p-1
6D
ec
-16
Ma
r-17
Ju
n-1
7Se
p-1
7D
ec
-17
Ma
r-18
Ju
n-1
8Se
p-1
8D
ec
-18
Ma
r-19
Ju
n-1
9Se
p-1
9D
ec
-19
Ma
r-20
Ju
n-2
0Se
p-2
0D
ec
-20
-150%
-100%
-50%
0%
50%
100%
150%
200%
Exis
tin
g S
FR
Me
dia
n P
ric
e
Gro
wth
Ma
rke
t V
elo
city
Price Growth Market Velocity (12 month trailing average)
SERIES: Market Velocity & Price Growth
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 29: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/29.jpg)
Mortgage payment had the largest growth since Nov. 2018
page
29
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
Ja
n-1
6
Ju
n-1
6
No
v-1
6
Ap
r-1
7
Se
p-1
7
Fe
b-1
8
Ju
l-1
8
De
c-1
8
Ma
y-1
9
Oc
t-1
9
Ma
r-2
0
Au
g-2
0
Ja
n-2
1
YTY
% C
hg
.
California Median Price vs. Mortgage
Payment
Price Growth Mortgage Pmt Growth
3.47%
2.81%
0%
1%
2%
3%
4%
5%
6%
Ja
n-1
5M
ay-1
5Se
p-1
5Ja
n-1
6M
ay-1
6Se
p-1
6Ja
n-1
7M
ay-1
7Se
p-1
7Ja
n-1
8M
ay-1
8Se
p-1
8Ja
n-1
9M
ay-1
9Se
p-1
9Ja
n-2
0M
ay-2
0Se
p-2
0Ja
n-2
1
30 Yr. FRM
SERIES: Price Growth vs. Mortgage Payment Growth
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 30: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/30.jpg)
Mortgage payment had the largest growth since Nov. 2018
page
30
20.6%
11.1%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
YTY
% C
hg
.
California Median Price vs. Mortgage PaymentPrice Growth Mortgage Pmt Growth
SERIES: Price Growth vs. Mortgage Payment Growth
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 31: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/31.jpg)
Inventory &Active Listings
![Page 32: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/32.jpg)
Inventory inched up from the prior month as the home buying season about to kick off
page
32
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
Ja
n-0
5
Se
p-0
5
Ma
y-0
6
Ja
n-0
7
Se
p-0
7
Ma
y-0
8
Ja
n-0
9
Se
p-0
9
Ma
y-1
0
Ja
n-1
1
Se
p-1
1
Ma
y-1
2
Ja
n-1
3
Se
p-1
3
Ma
y-1
4
Ja
n-1
5
Se
p-1
5
Ma
y-1
6
Ja
n-1
7
Se
p-1
7
Ma
y-1
8
Ja
n-1
9
Se
p-1
9
Ma
y-2
0
Ja
n-2
1
Mo
nth
s o
f Su
pp
ly
SERIES: Unsold Inventory Index of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
Feb 2020: 3.6 Months; Feb 2021: 2.0 Months
![Page 33: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/33.jpg)
Unsold Inventory remained low in all regions
page
33
2.12.01.9
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Ja
n-0
9
Ju
l-0
9
Ja
n-1
0
Ju
l-1
0
Ja
n-1
1
Ju
l-1
1
Ja
n-1
2
Ju
l-1
2
Ja
n-1
3
Ju
l-1
3
Ja
n-1
4
Ju
l-1
4
Ja
n-1
5
Ju
l-1
5
Ja
n-1
6
Ju
l-1
6
Ja
n-1
7
Ju
l-1
7
Ja
n-1
8
Ju
l-1
8
Ja
n-1
9
Ju
l-1
9
Ja
n-2
0
Ju
l-2
0
Ja
n-2
1
Mo
nth
s o
f Su
pp
ly
Bay Area So CA Central Valley
SERIES: Unsold Inventory Index of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 34: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/34.jpg)
CALIFORNIA ASSOCIATION OF REALTORS®
Active listings still less than half of what the market had a year ago
page
34
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
California Active Listings by Month
2018 2019 2020 2021
![Page 35: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/35.jpg)
Active listings remain suppressed as new listings can’t keep up with pent up demand
page
35
-52.5%-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
Ja
n-1
5
Ma
r-1
5
Ma
y-1
5
Ju
l-1
5
Se
p-1
5
No
v-1
5
Ja
n-1
6
Ma
r-1
6
Ma
y-1
6
Ju
l-1
6
Se
p-1
6
No
v-1
6
Ja
n-1
7
Ma
r-1
7
Ma
y-1
7
Ju
l-1
7
Se
p-1
7
No
v-1
7
Ja
n-1
8
Ma
r-1
8
Ma
y-1
8
Ju
l-1
8
Se
p-1
8
No
v-1
8
Ja
n-1
9
Ma
r-1
9
Ma
y-1
9
Ju
l-1
9
Se
p-1
9
No
v-1
9
Ja
n-2
0
Ma
r-2
0
Ma
y-2
0
Ju
l-2
0
Se
p-2
0
No
v-2
0
Ja
n-2
1
Year-over-Year % Chg
SERIES: Active Listing of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 36: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/36.jpg)
Housing supply remains tight in all regions
page
36
4,633
17,868
6,881
1,933 1,5393,278
7,970
3,095
859 826
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
San Francisco
Bay Area
Southern
California
Central Valley Central Coast Far North
Ac
tive
Lis
tin
gs
Feb-20 Feb-21
SERIES: Active Listings of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 37: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/37.jpg)
Supply continued to drop as sales remain strong
page
37
16.1%10.5%
-0.3%
22.4%17.3%
-29.2%
-55.4% -55.0% -55.6%
-46.3%-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
San Francisco
Bay Area
Southern
California
Central Valley Central Coast Far North
Ye
ar-
to-Y
ea
r %
Ch
g
Sales Active Listings
February 2021
SERIES: Sales and Listings of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 38: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/38.jpg)
Market Competitiveness
![Page 39: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/39.jpg)
Time on market inched up but remain low
page
39
0
10
20
30
40
50
60
70
80
Ja
n-0
5
Se
p-0
5
Ma
y-0
6
Ja
n-0
7
Se
p-0
7
Ma
y-0
8
Ja
n-0
9
Se
p-0
9
Ma
y-1
0
Ja
n-1
1
Se
p-1
1
Ma
y-1
2
Ja
n-1
3
Se
p-1
3
Ma
y-1
4
Ja
n-1
5
Se
p-1
5
Ma
y-1
6
Ja
n-1
7
Se
p-1
7
Ma
y-1
8
Ja
n-1
9
Se
p-1
9
Ma
y-2
0
Ja
n-2
1
Da
ys
on
Ma
rke
t
SERIES: Median Time of Market of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
California, February 2020: 23.0 Days; February 2021: 10.0 Days
![Page 40: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/40.jpg)
Median time on market lower than last year for all percentiles
page
40SERIES: Median Time on Market of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
26 2523
18 1816 15
19
35
22
108 8 9
1310
11
16
32
10
0
10
20
30
40
0-20 20-40 40-60 60-80 80-100 80-85 86-90 91-95 96-100 Total
Da
ys
on
Ma
rke
t
Percentile
Median Time on Market
Feb-20 Feb-21
![Page 41: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/41.jpg)
Sales-to-list price ratio signaling a very competitive market
page
41
100.0%
101.2% 101.2% 101.0%
100.0%
101.0%
100.1% 100.0%
98.0%
101.0%
96%
97%
98%
99%
100%
101%
102%
0-20 20-40 40-60 60-80 80-100 80-85 86-90 91-95 96-100 Total
California Sales-to-List Price Ratio by Quintile
Feb-20 Feb-21
SERIES: Sales to List Ratio of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 42: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/42.jpg)
Median sales vs. list price growth $1M+ properties
page
42
-10%
-5%
0%
5%
10%
15%
20%
25%
Ja
n-0
9
Ju
n-0
9
No
v-0
9
Ap
r-10
Se
p-1
0
Fe
b-1
1
Ju
l-1
1
De
c-1
1
Ma
y-1
2
Oc
t-12
Ma
r-13
Au
g-1
3
Ja
n-1
4
Ju
n-1
4
No
v-1
4
Ap
r-15
Se
p-1
5
Fe
b-1
6
Ju
l-1
6
De
c-1
6
Ma
y-1
7
Oc
t-17
Ma
r-18
Au
g-1
8
Ja
n-1
9
Ju
n-1
9
No
v-1
9
Ap
r-20
Se
p-2
0
Fe
b-2
1
YTY
% C
hg
. in
Pri
ce
California Median Sales vs. List Price Growth
Listing Price Sales Price
SERIES: Sales to List Ratio of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 43: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/43.jpg)
Reduced-Price Listings
page
43
Share of Listings with a Reduced Price: 17.8%; Median Reduction Amount: -4.9%
-10%-9%-8%-7%-6%-5%-4%-3%-2%-1%0%
0%5%
10%15%20%25%30%35%40%45%50%
1/1
/20
10
6/1
/20
10
11
/1/2
01
0
4/1
/20
11
9/1
/20
11
2/1
/20
12
7/1
/20
12
12
/1/2
01
2
5/1
/20
13
10
/1/2
01
3
3/1
/20
14
8/1
/20
14
1/1
/20
15
6/1
/20
15
11
/1/2
01
5
4/1
/20
16
9/1
/20
16
2/1
/20
17
7/1
/20
17
12
/1/2
01
7
5/1
/20
18
10
/1/2
01
8
3/1
/20
19
8/1
/20
19
1/1
/20
20
6/1
/20
20
11
/1/2
02
0
Share Reduced Median Reduction
SERIES: Listing Price of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 44: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/44.jpg)
Growth in Reduced-Price Listings
page
44
Growth in Share of Listings with a Reduced Price: -9.6%
Growth in Median Reduction Amount: 0.6%
-0.4%
-0.2%
0.0%
0.2%
0.4%
0.6%
0.8%
-15%
-10%
-5%
0%
5%
10%
1/1
/2015
4/1
/2015
7/1
/2015
10
/1/2
01
5
1/1
/2016
4/1
/2016
7/1
/2016
10/1
/2016
1/1
/2017
4/1
/2017
7/1
/2017
10/1
/2017
1/1
/2018
4/1
/2018
7/1
/2018
10/1
/2018
1/1
/2019
4/1
/2019
7/1
/2019
10/1
/2019
1/1
/2020
4/1
/2020
7/1
/2020
10/1
/2020
1/1
/2021
Share Reduced Median Reduction
SERIES: Listing Price of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
![Page 45: California Housing Market Update - Nest Seekers International](https://reader034.vdocuments.site/reader034/viewer/2022042710/6266a9e32a50a854146b4431/html5/thumbnails/45.jpg)
Thank You