The California Association of Realtors (C.A.R.) reported that in 2013 California Home sales were down by 5.9 percent from 2012 home sales. November home sales also fell in comparison to the number of home sales that took place both a month earlier and a year earlier.

According to C.A.R., the decrease in the number of home sales that have recently taken place is due partially to the rising home prices, increasing mortgage rates and slim property inventory.

From November 2013 to December 2013, home sales fell by 6.7 percent from 387,860 to 361,890 units. From December 2012 to December 2013, home sales fell by 18.6 percent from the 444,770 units that were sold in December 2012.

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