California Home Sales Down More Than 30 Percent Annually

Homes await buyers in the city of Irvine, Calif., on Sept. 21, 2020. John Fredricks/The Epoch Times

Data comparing February 2023 to the same time last year by the California Association of Realtors (CAR) last month reveal continued softness in California real estate markets with double-digit declines in sales across the state.

All regions paint a similar picture, with volume and prices dropping, and the unsold inventory index and median days on market increasing.