California median home price reaches highest level in 15 months as elevated interest rates weaken home sales further in August, C.A.R. reports
Existing, single-family home sales totaled 254,740 in August on a seasonally adjusted annualized rate, down 5.3 percent from July and down 19.0 percent from August 2022. August’s statewide median home price was $859,800, up 3.3 percent from July and up 3.0 percent from August 2022. Year-to-date statewide home sales were down 29.2 percent in August. … Read more