Interactive map shows how much the housing market has cooled in every California county
Every corner of California is experiencing a real estate market cool down.
To view the interactive map, click here.
The number of home sales in nearly every county in the state declined during the last week of March compared with the previous year, according to new data from Redfin. The only county that saw an increase was Inyo, a sparsely-populated county on the eastern slope of the Sierra Nevada where just 19 homes were sold last month.
The real estate market was peaking at this time last year, so the drop in sales from 12 months ago is dramatic. Mortgage rates were hovering around 3% in March 2022. While rates have dipped in recent weeks, they still stand at above 6% for a traditional 30-year loan.
Among counties with at least 100,000 residents, the steepest drop in sales was in El Dorado County, where transactions fell by roughly 50%. Sales are down throughout the Sacramento region; local market analyst and appraiser Ryan Lundquist reported this week there were roughly 2,000 fewer sales in the region in the first quarter of 2023 than during the same time period last year.
Falling demand was seen in every region, including the Bay Area, San Diego, the Central Coast Los Angeles, Fresno and the Central Valley.
The interactive map shows how much home sales declined the week of March 27 compared with the same week last year. The map will automatically update as new data become available.
