California home sales rebound in February; median price dips, C.A.R. reports
– Existing, single-family home sales totaled 399,080 in February on a seasonally adjusted annualized rate, up 11.3 percent from January and down 5.6 percent from February 2018.
– February’s statewide median home price was $534,140, down 0.6 percent from January and up 2.2 percent from February 2018.
– Statewide active listings grew at a decelerated rate for the second straight month, increasing 19.2 percent from the previous year.
– Year-to-date sales were down 9 percent in February.