California Real Estate Prices UP 16.2% but Real Estate Sales Down 11.2%

The CAR released some stats today regarding median existing home prices for November. Some highlights:

Prices Increased 16.2% in November
Sales decreased 11.2% over same time last year.
Total Closed Escrows: 579,560 up to November.
Unsold invetory index: 3.9 months up from 2.8 months same time last year.
Average Marketing Time: 39 days to sell a home

15 cities in California experianced a decline in prices from last year.

View Data Charts from the CAR