Housing Inventory Impact Analysis
California's housing market saw strong growth in December 2024, with a 19.8% year-over-year increase in home sales and the median home price rising for the 18th consecutive month to $861,020. Southern California followed this trend, with a 16.3% rise in sales and a 7.6% increase in prices. Inventory remains tight, with homes selling in just over 31 days on average. This signals a market where demand for quality homes remains strong, reinforcing the value of high-end residential and commercial projects in a competitive landscape.
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