Orange County Home Sales Up 30%
January Orange County Home Sales Highest January Numbers In 7 Years
Orange County Home Sales numbers rose to the highest levels for a January in 7 years. Sellers closed over 2400 transactions for the month compared with only 1900 the year before.
Read about the new DataQuick numbers in this report from Jeff Collins in the Orange County Register:
"Orange County home sales hit their highest level for a January in seven years last month, rising 29.9 percent over the previous January …" OC Register
Orange County Home Sales Typical For Southern California
Sales were also up all across the region. Some are beginning to question if we might be experiencing a "mini-bubble" in the market. However, most see continued steady growth in the future as the market digs out of a deep, dark hole.
Orange County Home Sales.
Prices And Sales Rate Still Moving Up
NAR Says Nationwide Sales Up 0.4% In Jan
The National Association of Realtors says that home sales nationwide were up 0.4% in January. Prices were also rising.
You can read about it in this article by Martin Crutsinger in the Pasadena Star News:
"The National Association of Realtors said Thursday that sales rose 0.4 percent in January compared with December to a seasonally adjusted annual rate of 4.92 million. That was the second-highest sales pace since November 2009, when a temporary home …"
Builders More Active Nationwide
NAR also reports that inventory nationwide is 25% lower than last year. This is encouraging builders to become more active, and that's all around good news for the housing market.
Pasadena Home Sales