Real estate sales slump in California 

California existing-home sales slipped 17.6 percent from December 2004 to December 2005 while median prices jumped 15.6 percent to $548,430, the California Association of Realtors reported today.

Closed escrow sales of existing, single-family detached homes in California totaled 531,910 in December at a seasonally adjusted annualized rate, according to information collected by C.A.R. from more than 90 local Realtor associations statewide.

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