Southern California December home sales rise from November | Irvine Real Estate | Irvine Homes for Sale

by Robert Mack on January 19, 2011

in Buyers, Latest News, Sellers

Home sales in Southern California rose above their seasonal pattern in December from November with a 20.5 percent gain but were down 12.5 percent from a year earlier, reflecting a sluggish jobs market and tight credit, MDA DataQuick said on Tuesday.

A total of 19,528 new and resale houses and condominiums were sold in Los Angeles, Orange, San Diego, Riverside, San Bernardino and Ventura counties in December, the real estate information service said in a report.

The region’s median home price last month was $290,000, up 1.0 percent from November and up 0.3 percent from a year earlier, it added.

Despite the jump in sales between November and December, Southern California’s homes market — especially its new-homes market — remains slow.

via reuters.com for the complete article

Posted on Irvine Orange County Real Estate Market News

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