California home sales and price decrease in October as affordability crunch impacts housing market, C.A.R. reports - Existing, single-family home sales totaled 403,510 in October on a seasonally adjusted annualized rate, down 5.1 percent from September and up 1.3 percent from October 2014.- Statewide sales were above the 400,000 mark for the seventh straight month.- October's statewide median home price was $475,990, down 1.3 percent from September and up 5.7 percent from October 2014.

, Nov. 17, 2015 /PRNewswire-USNewswire/ -- housing market softened in October as both statewide sales and median price contracted from the previous month and is still on target to meet forecast projections, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.  Home sales exceeded the 400,000 level in October for the seventh consecutive month and posted higher on a year-to-year basis for the ninth straight month. Closed escrow sales of existing, single-family detached homes in totaled a seasonally adjusted annualized rate of 403,510 units in October, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The...