California home sales fall, prices rise in March

The rate of single-family home sales plummeted 20.8 percent while home prices rose 3.2 percent in March compared to the same month last year, the California Association of Realtors trade group reported today.

The condo sales rate dropped 13.5 percent while condo prices rose 1.2 percent year-over-year in March.

The median price of an existing, single-family detached home in the state in March was $580,090, while the median price of an existing condo was $435,770.

The seasonally adjusted annual rate for closed-escrow sales o

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