Home sales increased 1.7% in December in California compared with the same period a year ago, while the median price of an existing home rose 8.4%, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported recently. Closed escrow sales of existing, single-family detached homes in California totaled 558,320 in December at a seasonally adjusted annualized rate, according to information collected by C.A.R. from more than 90 local REALTOR® associations statewide.
Statewide home resale activity increased 1.7 percent from the revised 549,190 sales pace recorded in December 2008. Sales in December 2009 increased 4 percent compared with the previous month. The median price of an existing, single-family detached home in California during December 2009 was $306,820, an 8.4 percent increase from the revised $283,060 median for December 2008, C.A.R. reported. The December 2009 median price rose 0.8 percent compared with November's $304,520 median price.
Don Schaller
Broker/Owner
The Schaller Family Realtors
Dickson Realty, Truckee