Even as some Southern California homes in the high-end neighborhoods are seeing strong price gains, home sales in the Southland dropped to the lowest level for a February in six years.
Sales of single-family homes in Southern California declined in February, although home prices in the region continued to rise due to a lack of inventory, according to the California Association.
Home sales in Southern California drop to four-year low 9:51 AM ET Wed, 25 July 2018 Due to rapidly rising home prices, home sales in Southern California dropped to a four-year low this June.
At the same time, home prices barely budged, climbing by just 2 percent, a considerable slowdown from the average pace during the recovery. Sales fell all across Southern California with the steepest.
Based on signed contracts, year-over-year statewide pending home sales fell for the sixth straight month in June on a seasonally adjusted basis, with the Pending Home Sales Index declining 0.9.
Lower mortgage rates and a glut of inventory boosted the Southern California residential market in April, as home. sales numbers. “April’s smaller annual sales decrease, coupled with an.
Police said that ‘pure hate’ drove a man ‘full of anger’ to launch a deadly stabbing and robbery spree in Southern California.
The number of homes for sale has increased steadily for 8 months in Southern California, figures from Steve Thomas’ Reports On House show, rising to the highest level in at least two years.
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The Southern California housing market continued its downward slide, after a fourth straight month of stalling sales. homes sold in November also dropped 11 percent compared to October, and 12.
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