Thursday, January 21, 2010

Southern California reports increased home sales and prices


Los Angeles Times reported yesterday:


"Rock bottom interest rates and stronger sales in higher priced neighborhoods helped Southern California's housing market post robust gains in the typically sleepy month of December, new data show, and experts say the momentum is continuing ushering in an early start the spring home buying season. "


The number of sales in Southern California counties were 22,328 in December 2009, a 12.1% increase over the same period in the prior year. The median price of homes sold increased 4%! Counties included in this report were LA, Riverside, San Diego, San Bernandino, Orange, and Ventura.

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