California home sales increased 12.8% in February, reaching levels not seen since September 2022.
California home sales remained resilient in February despite rising mortgage interest rates, increasing 12.8% from January to 290,020 on a seasonally adjusted annualized rate. The statewide median home price rose 2.2% from January to $806,490 and 9.7% from February 2023. February sales reached levels not seen since September 2022, with home prices increasing in Orange County and the Los Angeles metro area.
March 19, 2024
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