Southern California Housing Market Shows Signs of Awakening

  • 📰 sdut
  • ⏱ Reading Time:
  • 25 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 95%

Real Estate Новости

Southern California,Housing Market,Sales

Sales in Southern California's housing market experienced a significant increase in February, with a 17% jump from January. Additionally, the median selling price rose by 5%, marking the largest January-to-February gain on record. While it is too early to determine if this is a long-term trend, these figures are promising after a period of slow growth in the market.

Has Southern California’s housing market awoken from its lengthy slumber? My trusty spreadsheet, peeking at February’s CoreLogic sales stats — the most recent available — found these record-setting nuggets … Sales: The 12,430 transactions completed in the six-county region — involving existing and new residences, homes and condos — represented a 17% jump from January. That’s the largest January-to-February increase in a database dating to 1988.

Southern California’s home prices took their biggest two-month dip in 12 years in December and January. And don’t forget that leap year that added a day to conduct business, too. Also, let’s remember any sales increase isn’t that surprising, considering just how slow Southern California homebuying has been. Despite the record one-month sales bump, this was the third-slowest-selling February since 1988 — and 27% below average. Southern California housing remains very unaffordable.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 5. in RU

Россия Последние новости, Россия Последние новости