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California home sales dropped 7.8% in March, prices up 6%

Posted on AllSides April 21st, 2024
From The Right

California home sales dropped in March, while prices continued to increase, according to figures released by the California Association of Realtors. Sales decreased on a year-over-year basis in all major regions except the Central Coast, and sales in Southern California experienced the second-biggest drop from a year ago, declining 7.8%. Statewide, existing, single-family home sales totaled 267,470 in March on a seasonally adjusted annualized rate, down 7.8% from 290,020 in February and down 4.4% from 279,700 a year ago. The statewide decline followed increases in January and February. “While home...

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