Buying A House In California 2017 [ Full Version ]

The statewide median price for a single-family home in 2017 was approximately $537,860 , representing a 6.9% increase from 2016.

California buyers are legally required to receive a Natural Hazards Disclosure Statement , which was particularly critical in 2017 as wildfires impacted regions like Santa Rosa . buying a house in california 2017

Supply hit historic lows, with an "unsold inventory index" of just 2.5 months toward the end of the year—the lowest level since 2004. The statewide median price for a single-family home

Competitive markets often resulted in multiple-bid situations. Buyers were advised to remain data-driven and avoid overextending their budgets. buying a house in california 2017

First-time buyers often turned to programs from the California Housing Finance Agency (CalHFA) for down payment and closing cost help.