California housing market bounces back in October as both home sales and median price post increases from previous month and year, C.A.R. reports

Existing, single-family home sales totaled 264,870 in October on a seasonally adjusted annualized rate, up 4.7 percent from 253,010 in September and up 9.5 percent from 241,910 in October 2023. October’s statewide median home price was $888,740, up 2.4 percent from September and up 5.8…