California housing market rebounds in February with highest home sales in more than two years, C.A.R. reports

Existing, single-family home sales totaled 283,540 in February on a seasonally adjusted annualized rate, up 11.6 percent from 254,110 in January and up 2.6 percent from 276,280 in February 2024. February’s statewide median home price was $829,060, down 1.2 percent from January and up 2.8…