Today, in the Calculated Risk Real Estate Newsletter: California Home Sales “Retreat” in April; New Listings “Surge”
A brief excerpt:
From the California Association of Realtors® (C.A.R.): California home sales retreat for second straight month in April as median home price hits new all-time high, C.A.R. reports
April’s sales pace fell 3.4 percent from the 277,030 homes sold in March and was down 0.2 percent from a year ago, when 268,170 homes were sold on an annualized basis. April’s sales level was the lowest in three months.
…
Total active listings in April rose on a year-over-year basis at the fastest pace since January 2023. The level of active listings last month reached a 66-month high (since October 2019) and recorded its 15th consecutive month of annual gain in housing supply.
There is much more in the article.
