News

California home sales see huge year-over-year drop

July 20, 2022/

Red and white "Home for Sale, Price Reduced" sign in front of a stone, wood house that is for sale. Green grass and bushes indicate the spring or summer season. Front porch and windows in background. Real estate signs in residential neighborhood. Moving house, relocation concepts.

The number of home sales in California in June dropped a staggering 21% year-over-year, a report from the California Association of Realtors revealed this week.

Outside of the early pandemic downturn in 2020, that plunge is the biggest since 2008, during the nadir of the Great Recession.

 

Andrew Chamings


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