California July Home Sales Down 14.4 Percent
Both NorCal and SoCal saw significant declines, down more than 35 percent annually
Both NorCal and SoCal saw significant declines, down more than 35 percent annually
Permitting also fell in July, though only slightly from the month prior
The stat marks the highest rate for cancelled home contracts in more than two years
July marked the sixth-straight monthly decline and one of the lowest shares on record
Realtor.com's monthly report found active listings increased 30.7 percent year-over-year last month
The change may be minimal—but it is the first gain in two years!
In yet another sign of a slowing housing market, builder confidence posted its seventh straight monthly decline in July
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