The 2008 California real estate market had it's share of ups and downs. The California Association of Realtors® (C.A.R.) has released it's "State of the California Housing Market 2008-2009".
The report cites an increase in the number of sales,a decrease in prices and a statistic that one out of five escrows cancelled during the year.
The C.A.R. is predicting that the median home price in California will decline in 2009, and that the California real estate market will level off in 2009.
We think you will find the report very interesting. To read the press release: C.A.R. 2008-2009 Housing Market report.