C.A.R. REPORTS SALES INCREASED 43.4 PERCENT; MEDIAN HOME PRICE FELL 40.3 PERCENT IN JULY

Date September 8, 2008

Home sales increased 43.4 percent in July in California compared with the same period a year ago, while the median price of an existing home fell 40.3 percent, C.A.R. reported Monday.
"Sales improved significantly in July 2008 and remained above the 400,000 level for the third consecutive month," said C.A.R. President William E. Brown. "Deeply-discounted, distressed [...]

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