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.

 

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

Commenting not available.
Commenting is not available.

 
 

Powered By
Morris Technology
Please wait ...