Monday, December 04, 2006

California Association of Realtors reports on October sales

The California Association of Realtors® (C.A.R.) reports that "Home sales decreased 28.7 percent in October in California compared with the same period a year ago, while the median price of an existing home increased 2 percent".

And what about prices? Everyone is waiting to hear if prices are going to drop. Well, CAR reports that "The median price of an existing, single-family detached home in California during October 2006 was $548,680, a 2 percent increase over the revised $537,930 median for October 2005, C.A.R. reported. The October 2006 median price decreased 1.5 percent compared with September’s revised $556,920 median price."

To read more: CAR reports on October 2006 home sales

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