California Home Sales Report for June 2010
May 27, 2011 5:46 pm
The Chief Economist for the California Association of Realtors, Leslie Appleton-Young, has come out with a report for real estate sales in June, 2010. She reports that over the past 22 months, June was only one of two months that reported fewer home sales than 500,000 in California. She believes that people who would have normally purchased homes in June, bought them in May due to the federal tax credit. The average home sales price in CA during the month of June was $311,950. Here are some of the quick facts comparing June, 2009 with June, 2010:
- Existing, single-family home sales decreased 4.2 percent in June to a seasonally adjusted rate of 492,800 units on an annualized basis compared with June 2009.
- The statewide median price of an existing single-family home increased 13.6 percent in June to $311,950 compared with June 2009.
- C.A.R.’s Unsold Inventory Index rose to 4.8 months in June compared with 4.2 months in June 2009.
Visit the following video link to get her full market update for June 2010.