Home Sales and Price Report For March 2012
By Alberto Pacheco, Experience and Trust
(Home Smart Evergreen Realty)
California median home price posts first year-to-year increase in 16 months; low inventory demonstrates limited need for bulk REO sales, C.A.R. says LOS ANGELES (April 16) – California home sales declined in March from February’s pace, while the median home price snapped a 16-month annual price decline and posted its first year-over-year gain, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). “While home sales were down statewide, the housing market continued to perform at a solid pace by historical standards. In fact, sales jumped significantly in most regions of the state, with many areas experiencing double-digit gains,” said C.A.R. President LeFrancis Arnold. “Tight inventory and robust home sales, particularly in the San Francisco Bay Area, fueled the substantial increase in the Ma...
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