by Calculated Risk on 7/21/2006 02:58:00 PM

DataQuick reported total California June Home Sales.

"A total of 53,700 new and resale houses and condos were sold statewide last month. That's up 3.8 percent from 51,750 for May and down 20.7 percent from 67,750 for June 2005."

Click on graph for larger image.

Here are the monthly sales in California for the last 3 years (Source: DataQuick)

Sales for 2006 have fallen 15.7% year-to-date compared to 2005.

In the previous post, the LA Times mentioned the current California Association of Realtors (CAR) forecast is for a "16.8% drop" in existing sales. With sales slowing even more over the last 3 months (off almost 20% compared to 2005), that revised prediction might prove to be too optimistic.