Sales Pace Surge and Price Appreciation in SoCal
The strong start to the year in the Southern California housing market continues to be borne out by the data. The median home price in Southern California climbed to $425,000 in March, a 2.4% gain over the $415,000 median price in February. The number of home sales increased by 11.4% from the year ago period. With supply in Los Angeles, Orange and San Diego Counties at approximately four months (six months is considered a balanced market), low inventory could push prices higher in the face of increased demand.
About author
You might also like
The Return of the First-Time Buyer
Homebuilders are reporting that they are seeing more activity from first-time buyers now than in the earlier part of the housing recovery. While the first phase of the recovery was
Jobs, Good Jobs, and Home Buying
By John McManus Tech pioneer Kodak, headquartered in the upstate New York city of Rochester, employed 145,000 workers in 1988, to manufacture, distribute, and market its film and cameras. Today,
OC New Home Market Takes a Breather
It appears that the pace of new home sales in Orange County is pulling back from its once rapid pace. With a low supply and strong demand dynamic, homebuilders had
