California 2017 First Quarter Market Review


2017 First Quarter Review

*Article from

“California’s spring housing market posted a strong start to the year as existing home sales and

median price registered healthy gains in March on both a monthly and annual basis, as did every

major region in the state.”


“March’s solid sales performance was likely influenced by the specter of higher interest rates, which may have pushed buyers off the sidelines and close escrow before rates moved higher,” said C.A.R. President Geoff McIntosh.

“The strong housing demand, coupled with a shortage of available homes

for sale, is pushing prices higher as would-be buyers try to purchase before affordability gets worse.”

“The spring homebuying season is off to a good start, as the economic and market fundamentals

remain solid for the most part,”

said C.A.R. Senior Vice President and Chief Economist Leslie Appleton-Young.

If you are sitting on the side lines…
you may want to jump into this market.


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Please call us to discuss your situation.


Patricia Kramer

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