SANTI, California – Last year in Sante երկրում across the country was marked by economic uncertainty for many, but there is good news for local homeowners. House prices in Sante continue to rise.
According to Santi, home prices are growing at an annual rate of 22.5 percent, according to Zillow, an analysis of the online real estate և rental list. Household prices jumped from about $ 540,000 in April 2020 to $ 66,7138 in May 2021.
Zillow’s analysis covers all homes, including single-family homes, warehouses, partnerships, and is limited to the average house price level.
In the state of California, home prices were seen to rise from about $ 578,000 in April 2020 to $ 662,100 in May 2021, according to ill illow. This is a 15% annual change.
In the California real estate market, house prices hit 30 percent of the outbreak at the start of the epidemic in April 2020, but returned to record levels this year. Average real estate prices in California have risen above $ 800,000 for the first time, according to a report by the California Realtors Association.
According to the association’s leading economist Oscar Wei, the lack of homes for sale in California contributed to this price increase. Prices later rose as demand for the state’s high-income residents, who were able to take advantage of low-interest mortgages during the epidemic.
“It goes up pretty fast, it goes up,” Wei said of the average house price. “Supply is undoubtedly one of the main factors … In terms of active lists, for example, [supply] Compared to the previous year, it has decreased by about 50%.
The standards are bad news for low-income Californians, even middle-class people who want to buy a home.
“Rising apartment prices are not only threatening the already low levels of home ownership, making it difficult for those who no longer have a home, but also questioning the stability of this market cycle,” said Jordan Ward Levine, of the association. Vice President և Chief Economist.
Wondering how your mailing list or resume went? Check out the latest Zillow data here:,
Patch Editor Courtney Teague contributed to this report.