Full impact of coronavirus pandemic hits California housing market in May, C.A.R. reports

– Existing, single-family home sales totaled 238,740 in May on a seasonally adjusted annualized rate, down 13.9 percent from April and down 41.4 percent from May 2019.

– May’s statewide median home price was $588,070, down 3.0 percent from April and down 3.7 percent from May 2019.

– Year-to-date statewide home sales were down 12.9 percent in May.

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