Home sales numbers strong in the west
Existing June home sales numbers released today by the National Association of Realtors show positive gains over the May figures. You have probably read the articles or at least the headlines. I pulled down the report data and was happy to see especially strong numbers for the western region. Here are the numbers for the western region:
- Home sales (seasonally adjusted) vs. last month: +6.4%, vs. last year: +11.5%
- Home sales, raw numbers vs. last month: +12.8%, vs. last year: +15%
- Median sales price: $214,800, an increase of %7,800 or 3.8% over May.
- Mean sales price: $260,400, up $10,000 or 4.0% since May.
It is not really an accurate analysis, but it is nice to believe my little piece of California happiness gained $10k in value last month. I have been stating for a year and a half the bottom in the market would be when prices stabilized and started to increase. June is the 2nd month in a row of price increases. A few more and we will be able to point back to April 2009 as the bottom of the real estate market in the western U.S.
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June is lucky for home sales.