View Mobile Site
 

Ask the Expert

Signal Photos

 

California home sales dip slightly in February

Posted: March 16, 2013 6:00 a.m.
Updated: March 16, 2013 6:00 a.m.
In this Friday, Jan. 11 photo, a construction worker works at a new home under construction.  In this Friday, Jan. 11 photo, a construction worker works at a new home under construction. 
In this Friday, Jan. 11 photo, a construction worker works at a new home under construction. 
A A A

LOS ANGELES (AP) — California homes sales dipped slightly last month and so did prices but the state still seems on the road to recovery after a five-year housing slump.

Real estate research firm DataQuick says 28,719 homes were sold in California in February. That was down a half-percent from January and about 3 percent from February 2012.

However, DataQuick says January-to-February sales generally are flat.

The median sales price was $289,000, down fractionally from a month earlier but up nearly 21 percent in year-over-year sales.

In fact, February was the 12th straight month in which the price jumped when compared to the same month a year earlier.

DataQuick says the California market shows several healthy indicators: foreclosures are well below peak levels and financing with multiple mortgages is low.

Comments

Most Popular Articles

There are no articles at this time.
Commenting not available.
Commenting is not available.

 
 

Powered By
Morris Technology
Please wait ...