California home sales reach highest level in two years!

California home sales reach highest level in two years, experience first double-digit increase since May 2012, C.A.R. reports Existing, single-family home sales totaled 437,040 in June on a seasonally adjusted annualized rate, up 3.3 percent from May and 11 percent from June 2014. Statewide sales were above 400,000 mark for third straight month. June statewide median home price was $489,560, up 0.8 percent from May and 7 percent from June 2014. California’s median home price was the highest since November 2007. Available housing supply remained constrained with 3.3 months of inventory.

 Read more at http://www.car.org/newsstand/newsreleases/2015releases/june2015sales/#