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Real Property Report – California, December 2014

December Sales Up 7 Percent Month-over-Month Sales for All of 2014 Down 11.4 Percent Y-o-Y Median Prices Nearly Unchanged Since May 2014 December California single-family home and condominium sales increased 7.0 percent to 27,770 units, up from 25,964 in November but down 11.4 from 31,340 in December 2013. Total sales for the entire year (January through December) fell 11.7 percent from 2013 and were the lowest since 2007. “As we predicted early in 2014, sales volume stayed near 7-year lows throughout 2014 because prices rose too far too fast in 2012 and 2013,” said Madeline Schnapp, Director of Economic Research...

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