November sales and price report

November sales and price report

For release:
Tuesday, Dec. 22, 2009

C.A.R. reports November home sales increased 4.7 percent; median home price increased 5.8 percent

Multimedia:
· Click here to view a data table comparing peak prices and current prices in areas throughout
the state

Quick Facts:
· Existing, single-family home sales increased 4.7 percent in November to a seasonally adjusted rate
of 536,720 units on an annualized basis.
· The statewide median price of an existing single-family home increased 2.4 percent in November to
$304,520 compared with October 2009.
· C.A.R.’s Unsold Inventory Index fell to 4.5 months in November, compared with 7.1 months in
November 2008.

LOS ANGELES (Dec. 22) – Home sales increased 4.7 percent in November in California compared with the same period a year ago, while the median price of an existing home rose 5.8 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

http://www.car.org/newsstand/newsreleases/novsalesandprice/

A buyer asked me whether he should buy. He should buy when he is ready to buy!