One of every three homes sold in California topped $1 million in the first month of spring Homebuyers played beat-the-higher mortgage rates and created some March madness, lifting home prices to a record of almost $850,000 – and sending a clear message that the hot housing market is far from cooling down. An adjusted annualized […]
More homes are available and they are taking a bit longer to enter escrow, but there are still plenty of home shoppers — and competition.
Home sales have dropped four consecutive months and the median price fell below $800,000 for the first time in seven months.
Plus, the Great Escape slows, prices for new homes out of reach for many in Sacramento, and four cities that make the Livability.com grade.
‘We’re seeing many would-be buyers taking a break’ May home sales dipped 2.7% compared to April — but were up 87% from a year ago, though the figure is greatly skewed by the Covid-prompted lockdown that halted most sales in May 2020, according to the California Association of Realtors. Month-to-month home sales have dropped four […]