California Home Prices Remain Strong!

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According to the California Association of REALTORS® (C.A.R.), California’s media home prices marked a full year of annual price gains, fueled by strong sales of higher-priced homes in February. 

“The demand for homes remains solid, but a shortage of homes for sale, especially in the lower-priced segments, is negatively impacting housing sales,” said C.A.R. President Don Faught.  “Sales of homes priced above $500,000 continue to be strong, posting nearly 31 percent higher than a year ago, while homes priced below $300,000 were down 27 percent from last February due to fewer available homes for sale.”

For complete article click <a href="According to the California Association of REALTORS® (C.A.R.), California's media home prices marked a full year of annual price gains, fueled by strong sales of higher-priced homes in February. “The demand for homes remains solid, but a shortage of homes for sale, especially in the lower-priced segments, is negatively impacting housing sales,” said C.A.R. President Don Faught. “Sales of homes priced above $500,000 continue to be strong, posting nearly 31 percent higher than a year ago, while homes priced below $300,000 were down 27 percent from last February due to fewer available homes for sale.”

For the complete article, click here.

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