Southland home sales inch up; median levels off
Southern California home sales inch up; median price steady
October 13, 2009. Dataquick reported today that Southland home sales inched higher in September, boosted by late-closing summer sales, low mortgage rates and buyers hoping to get the federal tax credit that expires next month. The region's median sale price are lower than in September 2008 but, for the first time in years, several counties logged year-over-year gains in the median price paid for resale houses.
Last month 21,539 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties. That was up 0.2 percent from 21,502 in August and up 5.1 percent from 20,497 a year earlier, according to MDA DataQuick of San Diego.
September marked the 15th moninth in a row with a year-over-year sales gain, although last month's was the smallest of those increases. Sales for the month of September have averaged 24,873, ranging from a low of 12,455 in September 2007 to a high of 37,771 in 2003, based on DataQuick's statistics, which go back to 1988. Last month's sales were the highest for a September since 2006, when 24,195 sold.
From Dataquick
