Industry NewsMarkets & Economy

California home sales still falling

Home sales drop 24.5% in March; prices down 29%
Published on Apr 28, 2008

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by CareyBot

Home sales decreased 24.5 percent in March in California compared with the same period a year ago, while the median price of an existing home fell 29 percent, according to a recent report from the California Association of Realtors.

Closed escrow sales of existing, single-family detached homes in California totaled 318,830 in March at a seasonally adjusted annualized rate, according to C.A.R.

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