LOS ANGELES (July 17) – California home sales remained stagnant for the second consecutive month in June, as the 30-year fixed rate mortgage remained above 7 percent throughout most of May, when most of these sales opened escrow, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

• Existing, single-family home sales totaled 270,200 in June on a seasonally adjusted annualized rate, down 0.8 percent from 272,410 in May and down 2.7 percent from 277,690 in June 2023.
• June’s statewide median home price was $900,720, down 0.8 percent from May and up 7.5 percent from $837,850 in June 2023.
• Year-to-date statewide home sales edged down 0.5 percent.

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