It’s been 12 years since California housing has been in “buyer’s market” conditions. Lots of optionsSo what does history tell us about typical California buyer’s markets compared with supposedly seller-friendly times? California averaged a 26% lower sales rate in buyer’s markets vs. seller’s markets. Buyer’s bustThe spreadsheet says California was in buyer’s market status one-third of the time since 1990. So any buyer’s market should come with a warning label – and a financial calamity may be required to create another one for California house hunters.

Source: thestar November 13, 2023 08:11 UTC