California median home price sets new record as home sales dial back, C.A.R. reports
– Existing, single-family home sales totaled 409,270 in May on a seasonally adjusted annualized rate, down 1.8 percent from April and down 4.6 percent from May 2017.
– May’s statewide median home price was $600,860, up 2.8 percent from April and 9.2 percent from May 2017, hitting a new high for the first time in more than 10 years.
– Homebuyers in San Francisco County paid an average of 18 percent higher than asking price, as the average price per square foot in the county reached more than $1,000.
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Information taken from www.car.org
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