CA Market Update for December

The median price of a home has increased 2% from one year ago. Inventory is up, but that is not uncommon for this time of year. Homes typically move slower during the holidays. Afterall, who wants to move the week of or after Christmas or Hanukkah?

Note that a stable year is predicted for 2007 with interest rates lowering slightly.

How is the market in your area? I would be interested in knowing!