California Home Sales Jump 100%

February 26th, 2009

Existing, single-family home sales increased 100.8 percent in January to a seasonally adjusted rate of 624,940, according to the California Association of Realtors. The statewide median price of an existing single-family home decreased 40.5 percent in January to $254,350

C.A.R.’s Unsold Inventory Index was 6.7 months in January, compared with 16.6 months in January 2008

· The median number of days it took to sell a single-family home was 49.9 days in January 2009, compared with 70.8 days in January 2008