Getting your Trinity Audio player ready…
Peninsula home sales at a glance
California home sales dropped to a nine-month low in September despite the sharpest decline in interest rates since spring.
According to a housing report from the California Association of Realtors, the number of single-family homes sold statewide dropped to 253,010 (3.4%) from 262,050 during the previous month of August and from 290,020 in February, which marked the highest number of sales so far this year. While year-to-date home sales have edged up .9% compared to the first nine months of 2023, California’s sales pace has remained below the 300,000-threshold for the past two years, according to the report…