No, it wasn't a typo. The median price of single-family resale homes in California fell 29 percent in March compared to the same month last year, falling from $582,930 to $413,980, the California Association of Realtors reported this month. Sales, meanwhile, were down 24.5 percent year-over-year in March.
Robert Kleinhenz, deputy chief economist for the statewide Realtor trade group, provided some additional details about these statistics in an interview with Inman News. more...
