CAR - "C.A.R. reports sales decrease 22.2 percent in November, median price of a home in California at $555,290, up 1.4 percent from year ago" (12-21-06)

"Closed escrow sales of existing, single-family detached homes in California totaled 450,930 in November at a seasonally adjusted annualized rate, according to information collected by C.A.R. from more than 90 local REALTOR® associations statewide. Statewide home resale activity decreased 22.2 percent from the 579,560 sales pace recorded in November 2005."