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House Market is hot! July Real Estate Sales

Posted by David Salmanson on August 1, 2020

The house market is hot and it was a record-breaking year for the California housing market this year. California’s real estate market was very hot for sellers and buyers. The Zillow report notes that California’s housing market had a total value of $9.24 trillion in December, making it the most valuable housing market in the country, accounting for more than a fifth of the country’s entire market volume – 21.3 percent.

The house market is hot and California’s housing market posted its best performance in over a decade in December, despite a slowdown in home sales. Home prices in California dipped a bit as well. CAR (California Association of Realtors) reports that despite signs of softening in the second half of the year, California’s housing market maintained its superiority to last year, despite double-digit increases in home prices.
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