California's existing single-family home sales fell 10.8% from December to 256,550 in January, down 1.3% from the previous year, marking 40 months below 300,000 annualized sales. The median home price dropped 3.2% from December to $823,180, its lowest in 23 months, with a notable annual decline. Despite this, many counties saw year-over-year sales and price gains. Mortgage rates easing and improved supply may boost spring market activity.
Continue to full article
