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Wednesday, May 16, 2007

California Home Sales: Lowest Since '95

by Calculated Risk on 5/16/2007 08:05:00 PM

From DataQuick: California April 2007 Home Sales

A total of 34,949 new and resale houses and condos were sold statewide last month. That's down 12.2 percent from 39,811 for March, and down 28.5 percent from 48,894 for April 2006. Last month's sales made for the slowest April since 1995 when 27,625 homes were sold. April sales from 1988 to 2007 range from the 27,625 in 1995 to 66,938 in 2005. The average is 46,141. On a year-over-year basis, sales have declined the last 19 months.