Tuesday, October 21, 2008

foreclosure sales accounted for half of all resales

SoCal Home Sales Up 65 Percent in September

Southern California home sales surged 65 percent in September compared to the same period a year ago as foreclosure sales accounted for half of all resales, according to a new report from DataQuick. A total of 20,497 new and resale homes and condos sold in six Southland counties last month, up 5.8 percent from the 19,366 sold in August and 64.6 percent more than the 12,455 sold in September 2007. The year-over-year increase is the largest on record for any month since DataQuick began collecting data back in 1988. While last month’s home sales were the highest of any month since December 2006, it was still the second-lowest September total since 1996 with sales 17 percent below the 20-year sales average for the month.

Posted by malct @ 09:50 AM (651 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>