California existing home sales eked out a minimal year-over-year gain in September for the first time in seven months as a shortage of homes available for sale continues to hold back the market. The median home price was $514,320 up
California home sales downshifted in August as low housing affordability and a tight supply of homes for sale cut into demand, especially in high cost areas of the San Francisco Bay region. Home sales remained above the 400,000 pace for
After a couple months of lackluster growth in transaction volume, California existing home sales rose to their highest level in nearly four years in June, as sales surpassed the 400,000 mark for the fourth consecutive month.
Building on April’s gain, California pending home sales continued to rebound on a year-to-year basis. The statewide pending home sales index rose 3.8 percent in May on an annual basis to 136.5 percent.