Fallbrook Real Estate

• The State of Real Estate
• unsold inventory index, which is a ratio of inventory over sales, increased year-to-year from 2.9 months in November 2017 to 3.7 months in November 2018. The index measures the number of months it would take to sell at the current sales rate.
• C.A.R.’s statewide sales price-to-list-price ratio declined from a year ago at 98.9 percent in November 2017 to 97.9 percent in November 2018.
• The average statewide price per square foot for an existing, single-family home statewide was $282 in November 2018, up from $277 in November 2017.
• The 30-year, fixed-mortgage interest rate averaged 4.87 percent in November, up from 3.92 percent in November 2017, according to Freddie Mac. The five-year, adjustable mortgage interest rate also increased in November to an average of 4.11 percent from 3.24 from November 2017.
DATA provided by California Association of Realtors