CAR on California November Housing: Sales up 5.6% YoY, Inventory down 22.5%

The CAR reported: California home sales and prices ease back in November, but low rates and tight supply continue to provide support to the market, C.A.R. reports Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 402,880 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 would be the total number of homes sold during 2019 if sales maintained the November pace throughout the year. It is......(read more)

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