July California Home Sales Highest Since August 2006; 13 Consecutive Monthly Sales Increases
DQNews -- An estimated 45,079 new and resale houses and condos were sold statewide last month. That was up 2.1% from 44,167 in June, and up 14.1% from 39,507 for July 2008. Sales have increased on a year-over-year basis the last thirteen months. Last month's sales were the highest for any month since 51,054 homes were sold in August 2006. The median price paid for a home last month was $250,000, up 1.6% from $246,000 in June, and down 21.4% from $318,000 for July a year ago. The upturn in median the last three months is the result of a relative increase in sales of more expensive homes.
Originally posted at Carpe Diem.