January Home Sales Down
The California Association of Realtors® (C.A.R.) reports that "The median price of an existing home in California in January increased 13.8 percent and sales decreased 24.1 percent compared with the same period a year ago".
While the market is slowing, the CAR is predicting an increase in sales as we head into the historically more active spring market.
To read more: January 2006 home sales in California.