Written by ivan3411 on February 17, 2010 – 6:49 am
During the month of January Southern California homes sales was a bit ahead compared with the year earlier, but it was down as usual over the December home sales. The median home sales price was appreciated for the second straight month, but suddenly fell at the end of December as the share of foreclosure properties and lower-cost inland markets have the higher contributions to the overall home sales. The decline of last month home sales over the December is normal as since the year 1988 the MLS data statistics shows that an average of 28.4 percent down in home sales between these months.
January home sales tallied a total of 15,361 total home sales in the counties of San Diego, Ventura, San Bernardino, Los Angeles, Riverside and the Orange county, while the month of December recorded a total of 22,328 and that was up by 31.2 percent over January home sales. In the year-over-over year basis January home sales was pulled ahead with a modest 0.9 margin compared of what it was in last year.
The median home sales price of Southern California Real Estate residential homes during the month of January was $271,500, below by 6.1 percent compared with December’s price of $289,000, but boosted up high by 8.6 percent to $250,000 same period of time a year ago. On the month-over-month basis median home sales price was held steady for almost eight months now, before it was downshifted in the month of January compared with December median price. The Southern California median home sales price reached its peak at $505,000 for a number of months during the early and middle period of 2007.
