In Southern California, housing sales jumped up 11.7% percent from the May numbers which is about twice the normal bump up for the spring escrows that finish in the summer.   Prices for that same area edged up almost 2% for the month, but are still down compared to last June.

“California’s sluggish housing market showed some signs of life in June, with both Southern California and the Bay Area notching sales increases from May to June. June sales in the state increased 9.7% from May, with 38,975 newly built and previously owned houses and condominiums bought by shoppers, according to San Diego research firm DataQuick.

That figure was down 11.3% from June 2010, the last month to experience a surge of deals fueled by the now-expired popular federal tax credit for buyers.”

from The Los Angeles Times By Alejandro Lazo

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

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