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
Get caught up on the biggest real estate headlines from the past few days!
The company now projects a 14.1 percent decrease in existing-home sales for 2022 compared to last year
July marked the sixth consecutive month of declines, hitting a seasonally adjusted annual rate of 4.81 million homes
San Bernardino took one of the big tumbles in July despite prices remaining neutral
Both NorCal and SoCal saw significant declines, down more than 35 percent annually
The 98,600 existing-homes sold between April 2021–March 2022 were the lowest since NAR tracking began in 2009
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
All six counties within the region dipped more than 20 percent year-over-year
© 2023 California Listings, Inc.