California December Home Sales

Earlier today and yesterday I posted the Bay Area 4th Quarter report and the Southland 4th quarter report. Now, DataQuick reports the entire state: California December Home Sales. There used to be a saying, "How goes California so goes the rest of the country", especially in real estate and housing.

Note that the median price paid for a home last month was $474,000. That was up 1.1 percent from November's $469,000, and up 3.5 percent from $458,000 for December a year ago. No price appreciation bubble here....

Click on sales graph above for larger image.

A total of 41,100 new and resale houses and condos were sold statewide last month. That's up 4.8 percent from 39,200 for November and down 22.2 percent from a 52,800 for December 2005. Last month's sales made for the slowest December since 1996 when 33,591 homes were sold.

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