by Calculated Risk on 3/19/2024 01:40:00 PM

Today, in the Calculated Risk Real Estate Newsletter: California February Existing Home Sales increase 1.3% YoY, Prices up 9.7% YoY

A brief excerpt:

February’s sales pace jumped 12.8 percent higher from the revised 257,040 homes sold in January and rose 1.3 percent from a year ago, when a revised 286,290 homes were sold on an annualized basis.
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The statewide median price recorded a strong year-over-year gain in February, gaining 9.7 percent from $735,300 in February 2023 to $806,490 in February 2024.