Seasonal factors drove California's pending home sales lower in November, according to the latest monthly report by the California Association of Realtors.
CAR also noted that equity sales continued to grow.
CAR's Pending Home Sales Index fell to 103.5 in November, down from 121 in October and 104.4 in November 2011.
CAR defines pending home sales as forward-looking indicators of future home sales.
The share of statewide equity sales - non-distressed property sales - compared with total sales expanded in November to 64.9 percent, up from 63.4 percent in October and the highest level since May 2008. Equity sales made up about half (50.2 percent) of all sales in November 2011.
In Sacramento County, CAR said single-family distressed home sales comprised 47 percent of November sales, matching October's percentage but significantly down from 63 percent in November last year.