California pending home sales down after robust March; tight housing supply persists

California pending home sales down after robust March; tight housing supply persists

LOS ANGELES, CA – May 21, 2012 – (RealEstateRama) — After posting a strong performance in March, California pending home sales slipped in April, but were higher than a year earlier for the twelfth consecutive month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. Additionally, the share of equity sales posted its highest level in nearly four years.

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Leading the way...® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is one of the largest state trade organizations in the United States, with nearly 155,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Contact:

Los Angeles - Executive Office:
525 South Virgil Avenue
Los Angeles, CA 90020-1403
Phone: (213) 739-8200
Fax: (213) 480-7724

Media:

Mark Giberson
Phone: (213) 739-8304.

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