The California real estate market softened in January 2015 with the number of single family home sales dropping to 352 thousand in January compared to 361 thousand in January 2014 and 366 thousand in December 2014.
The median sales price dropped from $453,000 in December 2014 to $427,000 in January 2015. This was an increase in price from January 2014 however, when the median price was $412,000.
Information courtesy of Orange County CA Realtors The Hartanov Team.