California home sales stumble in June as median price hits new high for second straight month, C.A.R. reports
- Existing, single-family home sales totaled 410,800 in June on a seasonally adjusted annualized rate, up 0.4 percent from May and down 7.3 percent from June 2017.
- June’s statewide median home price was $602,760, up 0.3 percent from May and 8.5 percent from June 2017, hitting another peak.
- California condominiums/townhomes recorded a 7.0 percent price increase and a 7.1 percent sales decline from June 2017.
California’s median home price edged higher to another peak in June as year-over-year home sales lost steam for the second straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said.