Sales finished the month at 2,844 homes sold versus 3,885 sold in March 2005, down 28%. This downward trend in sales began in earnest in the last quarter and seems to be accelerating.
"The first quarter sales were 6,743 sold versus 8,905 in the same period last year. The under $500,000 sales made up 45% of the sales volume versus 55% last year, this mix change pushed up the average price because of the sale of more expensive homes.
Tagged: California
The Canary is Choking