California housing market continues recovery as median home price breaks $700,000 mark, C.A.R. reports
– Existing, single-family home sales totaled 465,400 in August on a seasonally adjusted annualized rate, up 6.3 percent from July and up 14.6 percent from August 2019.
– August’s statewide median home price was $706,900 up 6.1 percent from July and up 14.5 percent from August 2019.
– Year-to-date statewide home sales were down 6.8 percent in August.