Home Sales Slowest In Nine Years
DataQuick Information Systems has reported home sales in Southern California are at a nine year low with prices having reached a plateau.
A total of 25,628 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was up 12.8% from 22,712 in July, and down 25.3 percent from 34,292 for August a year ago, according to DataQuick.
Even though the market has softened, it is good to remember that housing prices have doubled in the past four-and-a-half years, making real estate in Orange County an excellent investment.
Tags: Orange County real estate, DataQuick Information Systems, Southern California home sales
A total of 25,628 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was up 12.8% from 22,712 in July, and down 25.3 percent from 34,292 for August a year ago, according to DataQuick.
Even though the market has softened, it is good to remember that housing prices have doubled in the past four-and-a-half years, making real estate in Orange County an excellent investment.
Tags: Orange County real estate, DataQuick Information Systems, Southern California home sales
posted by The Hartanov Team at 1:33 PM
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