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Interest Rate Reprieve Boosts California Home Sales in May 2023 to Highest Level in Eight Months, C.A.R. Reports – Mariposa County Sales of Existing Single-Family Homes Declines 51.5 Percent

Interest Rate Reprieve Boosts California Home Sales in May 2023 to Highest Level in Eight Months, C.A.R. Reports – Mariposa County Sales of Existing Single-Family Homes Declines 51.5 Percent

In May, California's housing market showed signs of improvement as home sales surged to the highest level in eight months and the statewide median home price notched above $800,000 for the second straight month. Closed escrow sales of existing single-family detached homes totaled a seasonally adjusted annualized rate of 289,460, up 9.8 percent from April and down 23.6 percent from a year ago. The median home price in California rose 3.0 percent from April to $836,110, however, it was down 6.4 percent from May 2022. Competition for homes increased as nearly half of homes were selling

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