California Existing-Home Sales Up 9.8 Percent In May
CAR reports that a small interest rate reprieve boosted the state’s home sales to its highest level in eight months
CAR reports that a small interest rate reprieve boosted the state’s home sales to its highest level in eight months
In San Francisco proper, the median sold price hit $1.5 million—down 11.4 percent from October 2022
Specifically, CAR notes its misguided backing of Proposition 14—a 1960s ballot initiative that overturned the state’s first fair housing law
The Bay Area continued to record record price increases despite falling sales
Both NorCal and SoCal saw significant declines, down more than 35 percent annually
Just 16 percent of households could afford to purchase the $883,370 median-priced home in the second quarter of 2022
The statewide median home price was $884,890, up 4.2 percent from March
Regionally, the Central Coast saw the median sale price hit $1,050,000 last month
All major California regions continued to surge from last year by double-digits, with four reaching new record highs
Existing home sales totaled 426,970 last month, up 0.5 percent from February and down 4.4 percent from March 2021
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