C.A.R Releases Foutrth Quarter Numbers

C.A.R. president sites consumer fear of rising interest rates for a decrease of -17.6% in home sales from prior year. Median home price still up 15.6% statewide from last year but month November to December numbers show 0% growth in home sales and -.08% for condos. However, notice Santa Barbara numbers compared to any number in Southern California. Holiday slowdown or shift in market?

C.A.R. - "Median price of a home in California at $548,430 in December, up 15.6 percent from year ago; sales decrease 17.6 percent" (1-25-06)

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