The California housing market rebounded in June with its largest month-to-month sales increase in nearly 40 years.
Reversing a two-month consecutive drop below 300,000 units caused by the coronavirus pandemic, June’s sales total climbed 42.4 percent from 238,740 in May and was down 12.8 percent from a year ago, when 389,730 homes were sold on an annualized basis.
The month-to-month increase was the largest since C.A.R. began reporting monthly sales in January 1979.
Source: California Association of Realtors
