California News

California Housing Sales Fell 41% During Coronavirus Lockdown

Orange County Register-

The coronavirus lockdown walloped California house sales in May, resulting in a 41.4% drop in transactions from the previous year, the California Association of Realtors reported Tuesday, June 16.

It was the biggest year-over-year decrease since November 2007.

Median house prices, meanwhile, also fell from year-ago levels, the first such drop in eight years.

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