California homeowners flatten asking prices as listings jump 50%

How much will California home sellers cut their prices as competition grows?

My trusty spreadsheet analyzed Realtor.com statistics on the number of existing houses and condos on the market and their asking prices. The average results for the three months ending in May were compared with two years earlier – a time when the pandemic homebuying frenzy was cooling – and with 2019, just before coronavirus upended the real estate scene.

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