CMN Intelligence

Research That Makes Housing Data Usable

Government sourced housing information, market briefs, data reports, and plain language explainers built for better housing decisions.
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Housing Intelligence · Data Current Through Each Source's Most Recent Release

Southern California Housing & Economic Dashboard

Housing indicators for the six counties of Southern California. Data sources include federal agencies and verified primary market data providers. Original sources are identified beneath every chart. CMN provides the interpretation.

Housing Market

Price, supply, and demand across all six counties. Select an indicator.

Median Listing Price — Six Southern California Counties

Chart comparing median home listing prices across Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties.

CMN Interpretation. Listing price is what sellers are asking, not what buyers are paying, and it tends to move before sale prices do. The spread between counties is one useful measure of where demand is concentrated: coastal Orange and San Diego sit well above the Inland Empire. When read alongside income, that gap can suggest the shape of the region's affordability divide. What this does not prove: a county median conceals wide variation between submarkets, and an asking price is not a transaction.

Publisher: Realtor.com, delivered via FRED, Federal Reserve Bank of St. Louis · Dataset: Housing Inventory, Median Listing Price · Series: MEDLISPRI6037 / 6059 / 6065 / 6071 / 6073 / 6111 · Frequency: Monthly · Coverage: Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties, California · Limitation: reflects asking prices, not closed sales, and conceals variation between submarkets · Subject to revision

Active Listings — Six Southern California Counties

Chart comparing the count of active home listings across the six Southern California counties.

CMN Interpretation. Active listings are the supply side of the market and an important indicator of whether buyers have negotiating room. Southern California's shortage is structural rather than seasonal, so a sustained rise in listings can suggest a genuine shift in bargaining power. Los Angeles carries the largest raw count simply because it is the largest county, so each line is best read against its own history rather than against the others. What this does not prove: listing counts say nothing about price, quality, or where within a county the supply sits.

Publisher: Realtor.com, delivered via FRED, Federal Reserve Bank of St. Louis · Dataset: Housing Inventory, Active Listing Count · Series: ACTLISCOU6037 / 6059 / 6065 / 6071 / 6073 / 6111 · Frequency: Monthly · Coverage: six Southern California counties · Limitation: raw counts are not population adjusted and say nothing about price or location within a county · Subject to revision

Median Days on Market — Six Southern California Counties

Chart comparing the median number of days homes spend on the market across the six Southern California counties.

CMN Interpretation. Days on market is one useful read on demand. Prices tend to be sticky because sellers resist cutting them, so softening demand can show up first as homes sitting longer and only later as prices adjusting. When these lines rise while prices hold flat, that pattern can suggest the market has moved before the price has. What this does not prove: market time is affected by pricing strategy, seasonality, and property condition, not demand alone.

Publisher: Realtor.com, delivered via FRED, Federal Reserve Bank of St. Louis · Dataset: Housing Inventory, Median Days on Market · Series: MEDDAYONMAR6037 / 6059 / 6065 / 6071 / 6073 / 6111 · Frequency: Monthly · Coverage: six Southern California counties · Limitation: influenced by pricing strategy, seasonality and property condition, not demand alone · Subject to revision

Affordability

Median household income, all six counties. Read this against the listing prices above — the distance between the two is the affordability gap.

Chart comparing estimated median household income across the six Southern California counties.

CMN Interpretation. Affordability is a ratio, and income is its denominator. Incomes across Southern California have risen steadily but not at the pace of prices, which means the distance between the two lines matters more than either line alone. For an agency modelling housing need, that divergence is the more informative figure. What this does not prove: a median income conceals enormous variation, and it says nothing about accumulated wealth, existing equity, or households that already own.

Publisher: U.S. Census Bureau · Dataset: Small Area Income and Poverty Estimates, delivered via FRED · Series: MHICA06037A052NCEN and equivalents · Frequency: Annual, released with a lag · Coverage: six Southern California counties · Limitation: a median conceals wide variation and excludes wealth and existing equity · Public domain, citation requested · Subject to revision

The Affordability Ratio

How many years of a county's median household income it takes to buy its median home. This is CMN's own calculation, computed live from U.S. Census data. It is the number the price and income charts above cannot show on their own.

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Cost of Capital

30-year fixed mortgage rate, United States average.

Chart of the average 30-year fixed mortgage rate in the United States, updated weekly.

CMN Interpretation. Rates are an important driver of affordability, often more so than price. In a market where the median home exceeds a million dollars, a one point move in the rate can change the monthly payment more than most negotiated price reductions. This can suggest why a buyer waiting for prices to fall may not end up better off. What this does not prove: this is the national average rate. The rate an individual household is offered depends on credit, down payment, and loan type, and can differ materially.

Publisher: Freddie Mac, delivered via FRED, Federal Reserve Bank of St. Louis · Dataset: Primary Mortgage Market Survey · Series: MORTGAGE30US · Frequency: Weekly · Coverage: United States national average · Limitation: national average only; individual rates vary by credit, down payment and loan type · Subject to revision

Housing Supply

New private housing structures authorized by building permits, all six counties.

Chart comparing new private housing structures authorized by building permits across the six Southern California counties.

CMN Interpretation. Permits are an early signal of future supply, typically leading completions by a year or more. Riverside and San Bernardino have consistently authorised more construction than the coastal counties, which can suggest where much of the region's new housing is actually being built. Read alongside price and inventory, permit trends help indicate whether supply is responding to demand. What this does not prove: a permit is not a finished home. Permits are abandoned, delayed, and repriced, so this is best read as intent rather than delivery.

Publisher: U.S. Census Bureau · Dataset: Building Permits Survey, delivered via FRED · Series: BPPRIV006037 / 006059 / 006065 / 006071 / 006073 / 006111 · Frequency: Annual · Coverage: six Southern California counties · Limitation: permits authorised are not units completed; projects are abandoned, delayed and repriced · Public domain, citation requested · Subject to revision

Local Economy

Unemployment rate, all six Southern California counties.

Chart comparing annual unemployment rates across Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties.

CMN Interpretation. Housing rests on payrolls. Employment is what qualifies a buyer for a loan and what keeps an existing owner in the house, so unemployment is an important indicator for housing demand. The persistent gap between the coastal counties and the Inland Empire is one reason those housing markets behave differently. What this does not prove: a county unemployment rate says nothing about which industries are gaining or losing, about wage quality, or about underemployment.

Publisher: U.S. Bureau of Labor Statistics · Dataset: Local Area Unemployment Statistics, delivered via FRED · Series: LAUCN060370000000003A and equivalents · Frequency: Annual, not seasonally adjusted · Coverage: six Southern California counties · Limitation: reveals nothing about industry composition, wage quality or underemployment · Public domain, citation requested · Subject to revision

Dashboard methodology and sources. Data sources include federal agencies and verified primary market data providers. Original sources are identified beneath every chart, together with the dataset, series identifier, frequency, geographic coverage and known limitations. CMN provides the interpretation, which is labelled as such and kept separate from the source data. Charts are retrieved live and are current as of each source's most recent release. All figures are subject to revision by the publisher. No single indicator explains a housing market: price indicates what sellers are asking, inventory and days on market indicate whether they are likely to get it, rates indicate what a buyer can carry, and employment indicates whether that demand holds. They are best read together. CMN Realty Group is an independent housing intelligence and real estate advisory company, not a government agency. This dashboard is general information and education. It is not a valuation, an appraisal, or advice on a specific property or transaction.

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Methodology

Questions About the Research

How the data is sourced, how often it moves, and what you may do with it.

Where does this data come from?

Federal agencies and verified primary market data providers, delivered through FRED at the Federal Reserve Bank of St. Louis. Prices, inventory, and days on market come from Realtor.com. Income and building permits come from the U.S. Census Bureau. Mortgage rates come from Freddie Mac. Unemployment comes from the Bureau of Labor Statistics.

Every chart names its publisher, dataset, series identifier, frequency, coverage, and known limitations.

How current is it?

Charts are retrieved live and are current as of each source's most recent release. That means different indicators are current to different dates: mortgage rates update weekly, prices and inventory monthly, income and permits annually and with a lag.

All figures are subject to revision by the publisher. When a source revises, the chart revises with it.

What is CMN's interpretation, and what is the data?

They are kept deliberately separate. The chart is the data. The block labelled CMN Interpretation is CMN's reading of it, and every interpretation closes by stating what the data does not prove.

The Affordability Ratio is the one figure CMN calculates itself, from Census income and listing price data. It is labelled as a CMN calculation wherever it appears.

May I cite or reproduce a CMN chart?

Yes, with attribution to CMN Realty Group and a link back to the source page. Agencies, journalists, and researchers are welcome to reproduce charts and findings in reports, briefings, and coverage.

Where the underlying data is federal, it is public domain and the original publisher requests citation as well.

Can a single indicator tell me what the market is doing?

No, and that is the point of showing six. Price indicates what sellers are asking. Inventory and days on market indicate whether they are likely to get it. Rates indicate what a buyer can carry. Employment indicates whether that demand holds.

They are best read together. Any one of them alone will mislead you.

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