CA Existing-Home Sales Bounce Back In August
Home sales totaled 313,540 last month, up 6.1 percent from July 2022
Home sales totaled 313,540 last month, up 6.1 percent from July 2022
July marked the sixth consecutive month of declines, hitting a seasonally adjusted annual rate of 4.81 million homes
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
The median existing-home sales price climbed 13.4 percent to a new record high of $416,000
The central coast remained a bright spot last month while most of the state suffered median sale price drops
The just-released numbers also show home prices are finally on the downward trend as well…
The median existing-home sales price exceeded $400,000 for the first time, up 14.8 percent annually
The statewide median home price was $898,980, up 1.6 percent from April
According to the National Association of Realtors, sales were down 2.4 percent in April
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