Market Watch: For your reading pleasure, we present the California Desert Association of Realtor’s December Housing Report. See below for a commentary synopsis from the California Association of Realtor’s president on the trends set forth in the attached report.
“Despite signs of moderating in the second half of the year, California’s housing market continued to outperform last year’s level and remained competitive even as home prices rose at a double-digit pace – a testament to the imbalance of high demand and not enough homes on the market for sale” said 2022 C.A.R. President Otto Catrina, A Bay Area real estate broker and REALTOR. “For the year as a whole, the market turned in its best performance in more than a decade, as buyers took advantage of historically low interest rates and continued to value the benefits of homeownership amid another year of the pandemic”
Click here: CDAR Desert Housing Report
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