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
Existing-home sales fell for the tenth consecutive month to a seasonally adjusted annual rate of 4.09 million
Los Angeles was the only county to see median sale prices increase last month
Home sales totaled 313,540 last month, up 6.1 percent from July 2022
Both NorCal and SoCal saw significant declines, down more than 35 percent annually
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
The statewide median home price was $884,890, up 4.2 percent from March
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