4th Look at Local Housing Markets in July, California Sales off 31%, July Forecast

The big story for July existing home sales is the sharp year-over-year (YoY) decline in sales. Another key story is that new listings are down YoY in July. Of course, active listings are up sharply. And median prices are falling in some areas (see California below).

This is the fourth look at local markets in July. I’m tracking about 35 local housing ma…