California Home Sales Reach Five-Month High as Mortgage Rates Hit Lows, C.A.R. Reports
August 21, 2024
August 21, 2024
LOS ANGELES, California, Aug. 21 (TNSres) -- The California Association of Realtors issued the following news release on Aug. 20, 2024:
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* Existing, single-family home sales totaled 279,810 in July on a seasonally adjusted annualized rate, up 3.6 percent from 270,200 in June and up 4.1 percent from 268,840 in July 2023.
* July's statewide median home price was $886,560, down 1.6 percent from June and up 6.5 percent from $832,530 in July 2023.
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* Existing, single-family home sales totaled 279,810 in July on a seasonally adjusted annualized rate, up 3.6 percent from 270,200 in June and up 4.1 percent from 268,840 in July 2023.
* July's statewide median home price was $886,560, down 1.6 percent from June and up 6.5 percent from $832,530 in July 2023.