Industry News

California home sales plunge 15.5%

Unsold inventory levels climb to highest in several years, trade group says
Published on Mar 23, 2006

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by CareyBot

Existing-home sales dropped significantly in California in February, falling 15.5 percent from the same period a year ago, as inventory levels climbed and median prices continued to escalate, an industry trade group reported today. Closed escrow sales of existing, single-family ...