LOS ANGELES (CNS) – Buyers are taking advantage of falling prices to push California home sales to their highest level in over three years, the California Association of Realtors announced Tuesday.
Closed escrow sales of existing, single-family detached homes rose 1.9% in November over October’s numbers, and are up 2.6% year-over-year to their highest level since September 2022.
“California home sales reaching their highest level in more than three years is an encouraging sign that the housing market is continuing its recovery,” said CAR President Tamara Suminski, a Southern California broker and realtor. “While the sales growth remains gradual, the upward trend suggests that the market is slowly gaining momentum — good news for buyers, sellers, and real estate professionals alike.”…