This is good news for both sellers and buyers. The low interest rates have boosted buyer affordability, bringing more buyers in to the market, and the increase in buyer activity has resulted in many (well-priced) sellers receiving multiple offers.
Read the LA Times article HERE
Thursday, May 28, 2009
Friday, May 15, 2009
Saturday, May 2, 2009
CAR Reports March Home Sales Increased 63.8%, Median Home Price Declined 39%
Quick Facts:
· Existing, single-family home sales increased 63.8 percent in March to a seasonally adjusted rate of 522,980 on an annualized basis
· The statewide median price of an existing single-family home increased 2.2 percent in March to$253,040 compared with February 2009
· C.A.R.’s Unsold Inventory Index fell to 5 months in March, compared with 12.2 months in March 2008
· The median number of days it took to sell a single-family home declined to 48.3 days in March 2009, compared with 56.8 days in March 2008
Read the full article HERE
· Existing, single-family home sales increased 63.8 percent in March to a seasonally adjusted rate of 522,980 on an annualized basis
· The statewide median price of an existing single-family home increased 2.2 percent in March to$253,040 compared with February 2009
· C.A.R.’s Unsold Inventory Index fell to 5 months in March, compared with 12.2 months in March 2008
· The median number of days it took to sell a single-family home declined to 48.3 days in March 2009, compared with 56.8 days in March 2008
Read the full article HERE
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