C.A.R. reports sales decrease 28.7 percent in October, median price of a home in California at $548,680, up 2 percent from year ago
Home sales decreased 28.7 percent in October in California compared with the same period a year ago, while the median price of an existing home increased 2 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
“While it appears that home sales have stabilized over the past three months, it’s too soon to say whether or not the market has bottomed out,” said C.A.R. President Colleen Badagliacco. “We do expect smaller year-over-year declines in home sales for the remainder of the year.
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