California home sales declined 7.8% monthly, 4.4% yearly in March; median price up 6% monthly, 7.7% yearly to $854,490.
California home sales declined by 7.8% in March compared to February and by 4.4% year-over-year, according to the California Association of Realtors. The state's median home price reached $854,490 in March, a 6% increase from February and a 7.7% rise from the previous year. Despite higher mortgage rates and the latest inflation report, the number of active listings increased for the third consecutive month.
April 17, 2024
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