> So Cal house sales slipped below year-ago levels in August for a fourth straight month, even though prices continued to climb, the California Association of Realtors reported on Sept 18th. > > Regionwide, sales fell 7.5% year over year, Realtor figures show. It was the biggest sales drop among California metro areas. > > Sales were down in all 4 counties covered by the Southern California News Group, dropping 8.9% in Los Angeles, 9.7% in Orange County, 6.6% in Riverside and 4.3% in San Bernardino County. > > The trend matches what’s been happening statewide, as the cost of buying outstrips the capacity of more and more home shoppers. > > California house sales dropped 6.6% in the 12 months ending in August, Realtor figures show. If homebuying were to continue at August’s pace for a year, sales of existing single- family homes would be below 400k for the 1st time in more than 2 years.
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