California home sales hit a 16-year low in November, the lowest since the Great Recession, according to the California Association of Realtors.
According to a Dec. 19 press release from the association, the 223,940 single-family homes sold statewide last month was a 25.9 percent drop since the start of the year, a 7.4 percent decline compared to October, and a 5.8 percent drop versus November 2022.
