Mary “Mimi” Lucas, Broker

RE: RESIDENTIAL REAL ESTATE – STATISTICS REGARDING HOME SALES PRICES AND INTEREST RATES

RE: CALIFORNIA STATISTICS THROUGH JUNE 2021 and NATIONAL STATISTICS THROUGH JUNE 2021

2021 statistics for California Homes as mentioned by CAR (California Association of Realtors) is indicating that single family homes sales may increase by 11.2% in 2021. The California Median Price for homes is forecasted to increase by possible 8.0% in 2021, whereas in 2020 there was an 11.3% increase. Low mortgage rates per CAR are expected to continue and this would help to increase home prices.

Regarding National Sales: According to NAR (National Association of Realtors) the month of June 2021 had 5.86 million is sales. The National Median Sales Price was $363,300. Currently the National Median Sales Price is up 23.4% year over year.