Industry NewsMarkets & Economy

CAR: Home prices up, sales down

Unsold inventory falls to 5.8 months
Published on Feb 24, 2010

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by CareyBot

Median home prices increased 15 percent year-over-year in January, according to a report by the California Association of Realtors.

Closed escrow sales of existing, single-family detached homes fell 10.6 percent year-over-year, to a seasonally-adjusted annualized rate of 539,040 units, and fell 3 percent month-to-month, the report said.

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