C.A.R. reports April median price increased 21 percent; home sales decreased 8.1 percent
Quick Facts:
• Existing, single-family home sales decreased 8.1 percent in April to a seasonally adjusted rate of 483,830 units on an annualized basis compared with April 2009.
• The statewide median price of an existing single-family home increased 21 percent in April to $306,230, compared with April 2009.
• C.A.R.’s Unsold Inventory Index rose to 5.1 months in April, compared with five months in April 2009.
LOS ANGELES (May 24) – Home sales decreased 8.1 percent in April in California compared with the same period a year ago, while the median price of an existing home rose 21 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
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Monday, May 24, 2010
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