CAR on California September Housing: Sales up 21% YoY, Active Listings down 48% YoY

The CAR reported: California housing market outperforms expectations, breaking record high median price for fourth straight month, C.A.R. reports California's home-buying season extended further into September as home sales climbed to their highest level in more than a decade, and the median home price set another high for the fourth straight month, 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 489,590 units in September , according to information......(read more)

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