California Home Sales:
Median Home Price Climbs

California Home Sales | Costa Real Estate Digest

A home is listed for sale in Los Angeles. (Kevork Djansezian / Getty Images / August 28, 2012)

California Home Sales Decrease and Prices Climb As Supply Decreases

The number of affordable homes decreased recently, and California Home Sales dropped as a result. With fewer REO properties and distressed properties on the market, prices have risen and caused some buyers to back off. 

Here's an article by Alejandro Laszo from today's LA Times about California Home Sales, and this subject in particular:

Median home price in Southland climbs as supply is squeezed

"Southern California's median home price climbed to a high not seen in more than four years even as sales plummeted — the latest sign that the housing market is becoming increasingly competitive, with fewer homes available. Sales declined for the first …"
http://www.latimes.com/business/money/la-fi-mo-home-sales-20121012,0,931356.story


California Home Sales Market Becomes More Competitive

It's obvious from these numbers that the California Home Sales market is becoming more competitive. This can be both good news and bad news. Everything is tied to the jobs market. If the recent good employment numbers continue in that direction, then the higher prices being demanded by homes in our market will become more viable to buyers, and California Home Sales will continue to show improving numbers.
 

California Home Sales.

Be Sociable, Share!

FaceBook Comments

comments

SHARE IT:

Leave a Reply

You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

*