HousingTracker Stats for California

I think the HousingTracker website is useful because it regularly updates asking prices and inventory for various metro areas. So for 12/10/07, here's how the various metro areas of California look:

Los Angeles (median prices stabilizing, inventory declining last 3 months):

Trend	12/10/2007	1 month	3 month	6 month	12 month
Median Price	$498,900	-0.2%	-4.1%	-7.6%	-9.3%
Inventory	44,715	-3.8%	-3.7%	+9.7%	+27.5%

Of course that probably just means buyers are taking their homes off the market and waiting for a better day; this time of year is almost always very slow for real estate sales (last year was an exception).

Orange County (prices still falling, inventory falling last 6 months):

Trend	12/10/2007	1 month	3 month	6 month	12 month
Median Price	$575,000	-2.5%	-5.7%	-10.9%	-11.5%
Inventory	17,825	-5.3%	-8.4%	-4.7%	+20.6%

Same story as L.A.; buyers waiting (at least for now) for a better day to sell.

Riverside (prices still falling, inventory falling last 3 months):

Trend	12/10/2007	1 month	3 month	6 month	12 month
Median Price	$355,900	-3.6%	-7.6%	-11.9%	-15.3%
Inventory	52,474	-2.8%	-7.3%	+3.9%	+26.8%

This is really the market to watch next year: inventory up by 27% over the last year, median asking prices down by 15%; the recent inventory declines are likely due to buyers pulling their listings off the market.

San Diego (prices still falling, inventory falling last 3 months):

Trend	12/10/2007	1 month	3 month	6 month	12 month
Median Price	$456,900	-2.4%	-6.6%	-8.6%	-13.0%
Inventory	20,403	-3.9%	-7.2%	+1.2%	+14.1%

Still a very challenging market, although San Diego may improve before other areas of California because it was the first to join the boom.

San Francisco:

Trend	12/10/2007	1 month	3 month	6 month	12 month
Median Price	$549,950	-3.5%	-6.8%	-8.3%	-12.0%
Inventory	16,864	-8.6%	-9.8%	+3.0%	+36.0%

San Jose:

Trend	12/10/2007	1 month	3 month	6 month	12 month
Median Price	$624,889	-2.3%	-5.3%	-8.1%	-10.5%
Inventory	7,369	-5.4%	-7.5%	+10.0%	+55.0%

Sacramento:

Trend	12/10/2007	1 month	3 month	6 month	12 month
Median Price	$338,500	-3.0%	-8.6%	-14.9%	-17.4%
Inventory	16,569	-5.5%	-10.5%	-3.6%	+16.6%

And, just for fun, let's see how Las Vegas and Phoenix are doing:

Las Vegas:

Trend	12/10/2007	1 month	3 month	6 month	12 month
Median Price	$289,900	-2.7%	-5.6%	-9.4%	-11.9%
Inventory	29,115	-2.1%	+1.5%	+5.6%	+27.4%

Phoenix:

Trend	12/10/2007	1 month	3 month	6 month	12 month
Median Price	$279,000	-0.4%	-3.8%	-8.5%	-11.4%
Inventory	49,445	-1.2%	+1.7%	+7.2%	+26.4%