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Lending

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket

San Fran

All reports point to a stronger season for the California housing market as the California Association of Realtors and DataQuick released new metrics on the state’s healthy recovery.

Between pending home sales increasing, short sales decreasing and foreclosure starts flattening, the state’s housing market is starting to look up.

However, it is important to note that the state is still home to the eight most expensive cities to buy a home. 

With San Francisco ranking as the most expensive city in the country, the city has a median listing price of $867,280.

Meanwhile, according to Trulia’s latest list of the fastest and slowest moving markets, the fastest-moving markets in the country are in Oakland, Calif., San Jose, Calif. and San Francisco, where less than one third of homes on the market two months ago were still for sale in mid-April 2014. 

So with these variables in mind, how is the state doing? Click below to find out.

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