Navigation
Powered by Squarespace
« New home sales hit highest pace in nearly a decade | Main | Mortgage rates remain near record lows »
Saturday
Aug202016

Mortgage rates remain near record lows


Number of existing homes sold in July drops as tight inventory puts a squeeze on sales - The California Association of Realtors reported that the number of existing homes sold in California declined 4.1% from June's sales pace and 5.1% from last July's annualized rate as historically low inventory levels dragged down sales. The statewide median price in July was $509,830 which was down 1.8% from June and up 3.9% from July 2016.  The unsold inventory index edged up from a 3.2 month supply in June to a 3.6 month supply in July.

 

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>