In California, not only did sales and prices rise by double-digits last month, but robust housing demand also drove the market to new records for aggregate price premiums and median days on market last month.
The median ratio of sales price to list price was 102.2% in March 2021, which is the highest level recorded since CAR began tracking this metric more than two decades ago.
In addition, the median number of days it took for a home that closed last month to go from active to pending was just 8—a record low.
Source: California Association of Realtors.
