August 2009 CA sales and price report

Quick Facts:

· Existing, single-family home sales increased 9 percent in August to a seasonally adjusted rate of 526,970 on an annualized basis.
· The statewide median price of an existing single-family home increased 2.6 percent in August to
$292,960, compared with July 2009.
· C.A.R.’s Unsold Inventory Index fell to 4.3 months in August, compared with 7 months in August 2008.

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