California Existing Homes in November: Sales Down 13.4% YoY, Inventory Up 31%

The CAR reported: California housing market sputters in November California home sales remained on a downward trend for the seventh consecutive month in November as prospective buyers continued to wait out the market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 381,400 units in November , according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what......(read more)

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