Approximately 33,429 new and resale houses and condominiums were sold across all of the regions in California during the month of November, 2013. Sales of homes and condos were 8.3% higher in October, a total of 36,468. Compared to figures from November 2012, sales of homes and condos were 10.8% higher totaling 37,481 units.

Overall, California sales of single-family residential properties have remained mostly stagnant and never achieving above average status. November saw the median price for a home purchase in California reach $360,000. To put that in perspective, a period in 2007 during the months of March, April, and May saw the median sale price of homes in California reach a high of $484,000.

Approximately 6.8% of the homes sold in November 2013 were foreclosures. This is far lower than the peak seen in early 2009 of 58.8%. Short sales were also part of the home sales makeup, comprising 12.3% of total sales.

Currently, there are signs that the market’s health continues to improve: foreclosures are down, multiple mortgage financing has declined, and down payment prices remain reasonable for buyers.

Source: http://www.dqnews.com/Articles/2013/News/California/RRCA131217.aspx