‘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 […]
All seven regions posted record prices and reported at least a 38% increase in sales.
California home prices increased by 20% for the second consecutive month in February, despite higher mortgage rates and fewer listings.
Plus, most Californians moving are relocating within the state, single-women buyers are increasing in some cities, and the state has six of the hottest housing markets in the U.S.
California home sales were the best since May 2009 and prices increased by double digits for the fifth straight month.