Home sales fall in California

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After rebounding in May, California home sales fell below the 400,000 unit benchmark in June, declining from both the previous month and year.

Sales of both new and existing houses and condominiums in Southern California dropped 11.8% year over year, as prices shot up to a record high, according to.

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The CAR reported: California home sales fall to lowest level in more than 10 years, C.A.R. reports Housing demand in California remained subdued for the ninth consecutive month in January as economic and market uncertainties sent home sales to their lowest level since April 2008, the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.) said today.

US New Home Sales Unexpectedly Fall. The average sales price jumped to USD 394,300 in July from USD 372,400 a year earlier. The stock of new houses for sale went up 2 percent to 309 thousand, the most since March of 2009. This represents a supply of 5.9 months at the current sales rate.

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There are currently 436 for sale listings in San Diego County CA zip codes, including condos, bank owned homes, short sales, townhomes, duplexes, land and luxury listings. If you’re looking to rent in Fallbrook CA , check out our extensive list of luxury apartments and townhomes .

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