California home sales tick higher in March as median price reaches eight-month high
- Existing, single-family home sales totaled 423,990 in March on a seasonally adjusted annualized rate, up 0.3 percent from February and 1.6 percent from March 2017.
- March’s statewide median home price was $564,830, up 8.1 percent from February and 8.9 percent from March 2017.
- The statewide unsold inventory index dipped below the 3-month benchmark for the first time since the end of 2017, registering 2.9 months in March compared with 3.0 months in March 2017. Read the full story