CAR on California April Housing: Sales down 30% YoY, Listing down 25% YoY

The CAR reported: California housing market feels full brunt of coronavirus outbreak in April, C.A.R. reports alifornia home sales dropped sharply in April from both the previous month and year as the housing market began to feel the full impact of the coronavirus outbreak and the state's stay-at-home order, 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 277,440 units in April, according to information collected by C.A.R. from more than 90 local REALTOR®......(read more)

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