California Home Sales Retreat

said on September 24th, 2015 filed under: Localism

California Home Sales Stuck in the Doldrums

doldrums

  • Sales are down 13.1% from July
  • Median price falls 1.2%

I have excerpted this from Property Radar. I’ll give you a link at the bottom so you can read the entire report.

CALIFORNIA, SEPTEMBER 22, 2015 – California single-family home and condominium sales fell 13.1 percent to 36,733 in August from 42,261 in July but were up 3.1 percent from 35,613 in August 2014. Driving the increase in year-over-year sales was the 6.4 percent increase in non-distressed property sales.

“While we had a couple of strong months this year, August sales are a clear reminder that CA sales are still quite weak,” said Madeline Schnapp, Director of Economic Research for Property Radar. “Year-to-date sales volumes are lower than 4 of the last 6 years, only slightly better than 2007, and far below pre-crisis volumes.”

Read the entire report at Property Radar.

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