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CAR Fast Facts for March 2016

Beach fence

California Median Home Price

  • $483,280
  • Highest median home price by region/county: San Francisco, $1,360,580
  • Lowest median home price by region/county: Merced, $189,500

California Pending Home Sales Index: Statewide pending home sales fell in March on an annual basis, with the Pending Home Sales Index (PHSI) decreasing 1.7 percent from 138 in March 2015 to 135.6 in March 2016, based on signed contracts.

California Traditional Housing Affordability Index: First Quarter 2016: 34 percent

Mortgage Rates: Week ending 5/5/2016 (Source: Freddie Mac)

  • 30-yr. fixed: 3.61% fees/points: 0.6%
  • 15-yr. fixed: 2.86% fees/points: 0.5%

These facts are from the California Associate of Realtors. For more information, please give me a call anytime!

Photo courtesy of Dillon Scheps.