C.A.R. reports September home sales increased 2.1 percent; median home price declined 7.3 percent.
Quick Facts:
· Existing, single-family home sales
increased 2.1 percent in September to a seasonally adjusted rate
of 530,520 units on an annualized basis.
· The statewide median price of an existing single-family home increased 1.1
percent in September to
$296,090, compared with August 2009.
· C.A.R.’s Unsold Inventory Index fell to 4.2 months in September, compared
with 6.5 months in
September 2008.