California Weekly Data: April 10, 2021

Market Report provided by California Association of Realtors

Optimism Remains High as Buying Season Begins: While the tight supply condition will likely continue at least in the next few months, California REALTORS® remain positive about their market outlook. Despite fewer members having a listing appointment in the past week, the share who expected listings to have a weekly increase reached 55.7%, the highest level since late July. REALTORS® also felt positive about the demand side of the market. More than half (54.8%) believed sales would go up in the following week, while nearly three quarters (72.1%) thought prices would rise. Both levels were the highest since July 20, 2020.