IE Business Daily Business news for the Inland Empire.
California’s housing market got off to a solid start in January.
Single-family home sales totaled 420,100 during the first month of the year, up 2.1 percent compared with December and 4.4 percent year-over-year, according to the California Association of Realtors.
The median price of a single-family home last month was $489,580, down 3.8 percent from December but up 4.8 percent
compared with January 2016.
All of those figures were seasonally adjusted.
“California’s housing market continues to be defined by the higher-priced coastal markets and the less expensive inland areas that still offer access to major employment centers,” said Geoff McIntosh, president of the Los Angeles-based association.
