RIVERSIDE, Calif. (KESQ) – Home sales declined in Riverside County and statewide in July, the California Association of Realtors announced today.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 261,820 last month. July home sales activity dipped 1% from the annualized rate of 264,400 homes in June and was down 4.1% from a year ago, when that annualized rate was 272,990, according to CAR.
The statewide annualized sales figure represents what would be the total number of homes sold during 2025 if sales maintained the July pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales…