California October 2008 Home Sales

November 20, 2008

An estimated 42,293 new and resale houses and condos were sold statewide last month. That was up 4.9 percent from 40,317 in September and up 63.7 percent from 25,832 for October last year. It was the strongest month since December 2006 when 43,431 homes were sold. California sales for the month of October have varied from last year's low to a peak of 70,152 in 2003, the average is 44,602. MDA DataQuick's statistics go back to 1988.

The median price paid for a home last month was $278,000, down 1.8 percent from $283,000 for the month before, and down 34.4 percent from $424,000 for October a year ago. Around half the drop in median is due to depreciation, the other half due to shifts in the types of homes selling, and how those homes are financed.

The typical mortgage payment that home buyers committed themselves to paying last month was $1,310. That was down from $1,337 in September, and down from $2,016 for October a year ago. Adjusted for inflation, mortgage payments are back to where they were in early 2001. They are 36.5 percent below the spring 1989 peak of the prior real estate cycle. They are 48.7 percent below the current cycle's peak in June 2006.

MDA DataQuick is a division of MDA Lending Solutions, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates. MDA DataQuick monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts.

Indicators of market distress continue to move in different directions. Foreclosure activity is at or near record levels, financing with adjustable-rate mortgages is near the all-time low, as is financing with multiple mortgages. Down payment sizes and flipping rates are stable, non-owner occupied buying activity appears flat but might be emerging, MDA DataQuick reported.

Copyright 2005 DataQuick Information Systems. All rights reserved.

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California September Home Sales

October 14, 2014

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Portland Region August Home Sales

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Seattle Region August Home Sales

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Miami Region August Home Sales

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Las Vegas Region August Home Sales

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California August Home Sales

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California July Home Sales

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Southland Home Sales Fall Yr/Yr Again; Prices Rise at Slower Pace

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Las Vegas Region June Home Sales

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Million-Dollar Home Sales Up Again in the Golden State

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California June Home Sales

July 16, 2014

Bay Area Home Sales Up Slightly; Price Increases Slow

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Southland Home Sales Down from Last Year Again; Price Gains Throttle Back

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Seattle Region May Home Sales

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Miami Region May Home Sales

June 30, 2014

Las Vegas Region May Home Sales

June 25, 2014

California May Home Sales

June 12, 2014

Bay Area Home Sales Constrained by Supply; Prices Continue to Rise

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Southland Home Sales Slow; Median Price Rises Again but at Slower Pace

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Portland Region April Home Sales

June 5, 2014

Phoenix Region February Home Sales

June 4, 2014

Las Vegas Region April Home Sales

May 28, 2014

California April Home Sales

May 14, 2014

Bay Area Home Prices Continue to Rise; Sales Up from March, Flat Yr/Yr

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Faster Pace for Southland Home Sales; Median Sale Price Edges Higher

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Seattle Region March Home Sales

May 9, 2014

Miami Region March Home Sales

May 7, 2014

Las Vegas Region March Home Sales

April 29, 2014

California Foreclosure Starts Hover Near 8-Year Low

April 22, 2014

California March Home Sales

April 16, 2014

Bay Area Median Sale Price Highest Since 2007; Slowest March Sales in 6 Years

April 16, 2014

Southland Home Sales Stuck at 6-year Low; Median Price Rises to 6-Year High

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Phoenix Region February Home Sales

April 1, 2014

Las Vegas Region February Home Sales

March 27, 2014

California February Home Sales

March 13, 2014

Bay Area home sales slowest since 2008

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Southern California February Home Sales Lowest Since 2008

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Portland Region January Home Sales

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Seattle Region January Home Sales

March 4, 2014

Miami Region January Home Sales

January 27, 2014

Las Vegas Region January Home Sales

February 25, 2014

California January Home Sales

February 13, 2014

Bay Area Home Sales Slowest for a January Since 2008

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Las Vegas Region December Home Sales

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California Foreclosure Starts Dip to Eight-Year Low

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California December Home Sales

January 15, 2014

Bay Area Home Sales Drop to Six-Year Low; Prices Still Up Sharply Yr/Yr

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Southland December Home Sales at Six-Year Low; Median Price Jumps

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Portland Region November Home Sales

January 9, 2014

Seattle Region November Home Sales

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