January 2016 Was Highest January For Home Sales Since 2013

SAN FRANCISCO (AP) – A research firm said Wednesday that buyers snapped up more than 27,500 houses and condos in California in January as the median price hit $400,000.
The number of homes sold was the highest for a January since 2013, but below the average of roughly 33,000 homes sold in the month since CoreLogic started tracking sales in 1988.
CoreLogic research analyst Andrew LePage says the sluggish activity could be due to lack of inventory and moderately tight credit restrictions.
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