4th Look at Local Housing Markets: California Home Sales down 34% YoY in March; Prices Down 7.0% YoY

Expect NAR to report sales of around 4.51 million SAAR for March

This is the fourth look at local markets in March. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.

Closed sales in March were mostly for contracts signed in January and February. Since 30-year fixed mort…