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 June 01, 2007

April 2007 California Home Sales
Statewide a total of 34,949 homes were sold during the month of April. That sales figure is down 12.2% compared to March, & 28.5% for April of 2006. Last April's sales numbers are the lowest reported since 1995. At that time, a total of 27,625 homes were sold. Between 1988 and 2007 the average number of homes sold in the month of April range from 27,625 in 1995 up to 66,938 in 2005. The overall average is 46,141. Sales have been on the decline for the past 19 months.
The average median price paid for a home in April was $484,000. This is unchanged from the record high set in March. This price was up 3.4% from $68,00 from the previous year.

Typical mortgage payments for home buyers last month was $2,258, up from $2,230 in March, yet down from $2,271 in April 2006. The peak amount for a monthly mortgage payment was in June 2006 at $2,372. when the figures are adjusted for inflation, mortgage payments are up 8.2% since the sales peak of 1989.

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