Industry News

Real estate sales drop 24% in California

Market impacted by rising inventory, prices
Published on Mar 1, 2006

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by CareyBot

California existing-home sales plummeted 24.1 percent in January compared to January 2005, the California Association of Realtors trade group reported today, while the median price of an existing home increased 13.8 percent. Closed escrow sales of existing, single-family detached homes ...