California Home Prices Reach 15-Month High in Mid-Q3

California home sales ↓ 5.3% MoM and ↓ 18.9% yearly, as rising rates and low inventory continued to weigh on the market.
The statewide median home price ↑ 3.3% MoM and ↑ 3% yearly to $860K, the biggest annual increase in 14-mo.
43 of the 52 counties tracked by CAR experienced sales ↓ yearly in August.