March 19, 2018
California housing market bounces back in February as sales perk higher from prior month and year, C.A.R. reports
- Existing, single-family home sales totaled 422,910 in February on a seasonally adjusted annualized rate, up 3.3 percent from January and 5.4 percent from February 2017.
- February’s statewide median home price was $522,440, down 1.0 percent from January and up 8.8 percent from February 2017.
- San Francisco, San Mateo, Marin, Santa Clara, and Sonoma counties all surpassed their previous peak price to hit $1,730,000, $1,610,000, $1,371,000, $1,383,500, and $689,000, respectively.
LOS ANGELES (March 19) – Led by the San Francisco Bay Region, California home sales registered healthy gains in February on both a monthly and annual basis after January’s weak start, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 422,910 units in February, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide.