LOS ANGELES — Home sales declined in California last month while prices went up, according to the California Association of Realtors.
Sales of existing, single-family homes totaled 265,320 in March on a seasonally adjusted basis, down 3.5% from February and down 2.5% from March 2025.
“March home sales were subdued, as higher mortgage rates and stock market volatility kept many buyers on the sidelines,” CAR President Tamara Suminski said Tuesday. “As both geopolitical tension and interest rates ease for the third straight week, buyers and sellers who have been taking a wait-and- see strategy could return to the market if the conflict in the Middle East continues to stabilize.”…