Continued shortage of homes on the market and seasonal slowdown send California home sales and prices lower in January, C.A.R. reports

LOS ANGELES, CA – February 21, 2013 – (RealEstateRama) — A typical seasonal slowdown, combined with a scarcity of available homes for sale put a damper on the California housing market in January, with both home sales and median price declining from December, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.