So. California Home Sales Increase for 21st Month
DQ News -- "A total of 20,476 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was up 33.3 percent from 15,359 in February, and up 5.0 percent from 19,506 in March 2009. The median price paid for a Southland home was $285,000 last month, up 3.6 percent from $275,000 in February, and up 14.0 percent from $250,000 for March 2009. Last month was the 21st in a row with a year-over-year sales increase."
MP: For Southern California, there are now increases in both: a) unit home sales for 21 consecutive months, and b) median home prices, from the previous month, and from the same month in the previous year. Both are positive indicators of a real estate market in recovery.