California home sales fall to lowest level in more than 10 years.
C.A.R. reports - Existing, single-family home sales totaled 357,730 in January on a seasonally adjusted annualized rate, down 3.9 percent from December and down 12.6 percent from January 2018.
January’s statewide median home price was $538,690, down 3.4 percent from December and up 2.1 percent from January 2018.
Statewide active listings rose for the 10th straight month, increasing 27 percent from the previous year.
The statewide Unsold Inventory Index was 4.6 months in January, up from 3.5 months in December..