We will discuss the latest Los Angeles housing market trends & news and find out how they can affect the investors and homebuyers. The shutdown due to coronavirus pandemic had an impact on the California economy and the real estate sector well. Home sales dropped over the past couple of months but prices remain high. In June, we saw a rebound in home sales. In Metro Los Angeles, home prices rose $18,000 or 11.6% to a new level of $553,000. Jump in sales was 48%. All the six counties of southern California saw an increase in sales as compared to May.

In LA county, the jump in the existing home sales was the highest from May, at 37.50%. All these figures are still lagging if we compare them to last year's June. The rise in home prices and sales have shifted the market conditions to a balanced one. The inventory still remains tight, and with the surge in the Covid-19 cases, sellers may back out again to further decrease the listings.

In Los Angeles County, sales rose 40.8% from May and fell 24.3% from a year earlier. The median price rose 4% from a year earlier to $643,000. In Orange County, sales rose 49% from May and fell 22.1% from a year earlier. The median price rose 4.1% from a year earlier to $765,000. The latest “LOS ANGELES HOUSING MARKET REPORT” is given below.

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Let’s take a look at the current state of the Portland real estate market amid the coronavirus pandemic. Then we’ll discuss the investment opportunities in Portland for real estate investors. When COVID19 hit Oregon hard in March of 2020 the homebuyer turnout decreased massively. In April, things improved a bit. Portland buyer traffic increased about 40% from March but it was still down about 30% from April of the previous year. Things improved further in May when pending sales and new listings surged in the Portland housing market.

The average sale price in the Portland-area dipped by a mere 0.8% to $467,500 in May compared to April 2020′s $477,400. The median sale price held steady from April ($424,000) to May ($425,000). In May 2020, there was a 2.3 month supply of homes for sale, which was steady with April 2020′s 2.4 month supply but an increase from March 2020′s 1.8 month supply. The latest “PORTLAND HOUSING MARKET REPORT” is given below.

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Let's get an overview of the Sacramento real estate market. This article has been updated to reflect recent changes in the housing market of Sacramento due to the coronavirus pandemic. The Sacramento housing market remains healthy and strongly skewed to sellers. In May, the median sales price decreased by 1.3% for the month from $400,000 to $395,000. Home sales have improved consistently over the last six weeks and prices appear to be increasing as well. In June, the median sales price increased 5.1% for the month from $395,000 to $415,000, and 6.4% from June 2019 ($390,000).

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Let's get an overview of the San Francisco real estate market. This article has been updated to reflect recent changes in the housing market of San Francisco due to the coronavirus pandemic. San Francisco consistently ranks among the most expensive real estate markets in the world, and it is one of the most densely populated cities in the U.S. In June, eight of the San Francisco Bay Area’s nine counties still experienced a year-over-year drop in active listings.

Seven of them declined more than 23 percent from the prior year. San Francisco was the only county in the region with an increase in active listings. While the median house price has hit a new peak, the median condo price has declined from its 2019 high. In June, the median sold price of existing single-family homes in San Francisco increased by 2.4% to $1,805,000. More affluent buyers entered the market in June. High-end real estate sales that staged a particularly strong recovery is one of the factors behind median house sales prices hitting a new peak in June.

Home sales are still lagging begin 2019's stats. Closed sales saw a decline of 8.9% as compared to last year and an increase of 56.7% as compared to May 2020. In the San Francisco Bay Area, home sales declined by 7.8% from the prior year but there was a gain of 69.2% as compared to the previous month (May). The median sold price of existing single-family homes in the San Francisco Bay Area housing market was $1,000,000, a year-over-year rise of 4.2%.

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This article has been updated to reflect recent changes in the Minneapolis real estate market due to the coronavirus pandemic. We'll be discussing the housing market trends for the Twin Cities Metro Area. Our focus for real estate investment would be the Minneapolis housing market—entire twin city metro area—and we shall also share the top reasons to invest in this region. First of all, let's find out how is Covid-19 pandemic is affecting the real estate activity in the Minneapolis housing market.

Minneapolis–Saint Paul is a major metropolitan area and is commonly known as the Twin Cities after its two largest cities—Minneapolis and Saint Paul. They’re separated by the Mississippi River. The waterfront is home to many cultural landmarks and coveted waterfront real estate. The entire Minnesota housing market slumped in May due to coronavirus pandemic causing a -24.2% decline in new listings and -20.4% decline in home sales (closed) as compared to May 2019, according to Minnesota Realtors®. Pending sales also dropped by 12.6%. The twin cities of Minneapolis and St. Paul. were below the state average as home sales dropped by 25.1% over there.

In June, the Minnesota housing market pulled up from the steep declines seen in May. Closed sales in June declined only -8.1% year over year, showing some recovery from the -20% declines seen last April and May. The twin city metro area saw a year-over-year decline of 12.7% in home sales—which was much better than May's drop of 25.1%. The Median Sales Price continued to uptick in June. It increased by 5.2 percent to $305,000.

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