August 23, 2011
Fewer distressed property sales in July; California pending home sales decline, C.A.R. reports
LOS ANGELES (Aug. 23) – California pending home sales dipped in July, as did the share of sales of distressed properties, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
Pending home sales:
Pending home sales in California fell 1.7 percent in July, according to C.A.R.’s Pending Home Sales Index (PHSI)*. The index was 117.0 in July, down from June’s index of 119.0, based on contracts signed in July. The index was up 4.9 percent from July 2010. Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market. Continue reading
August 15, 2011
LOS ANGELES (Aug. 15) – California home sales fell in July but were up from the previous year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
Closed escrow sales of existing, single-family detached homes in California dropped 4.1 percent to a seasonally adjusted 458,440 units in July, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. July home sales were up 4.5 percent from the 438,850 units sold in July 2010. The statewide sales figure represents what would be the total number of homes sold during 2011 if sales maintained the July pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales. Continue reading