Wednesday
April
23
2014
10:47 am
Weather
  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 

Check out our archive of Dining Guides - Yum!

California home sales drop in November
December 18, 2013, 05:00 AM The Associated Press

SAN DIEGO — California home sales slid last month amid tight supplies, while prices held steady, a research firm said Tuesday.

There were 33,429 new and existing houses and condominiums sold in November, down 10.8 percent from 37,481 sales the same period last year, DataQuick said.

The median sales price was $360,000, up 23.7 percent from $291,000 the same period last year but up only 0.8 percent from $357,000 October. It was the 21st straight month of annual price increases and 12th straight month of annual gains above 20 percent, though prices have cooled since a torrid run earlier this year.

Lack of inventory is keeping a lid on sales. The California Association of Realtors said Tuesday that the state had a 3.6-month supply of unsold single-family homes in November, better than the three-month supply a year earlier. Still, supply in a normal market is considered five to seven months.

Sales in the San Francisco Bay Area slid 10.9 percent from last year to 6,659 homes, DataQuick said. The median sales price in the nine-county region was $550,000, up 25.6 percent from $438,000 in November 2012 and up 1.9 percent from $539,750 in October.

The Bay area had only a 2.3-month supply of unsold homes, unchanged from the same period last year, according to the California Association of Realtors.

DataQuick reported Monday that sales in Southern California fell 10.4 percent from last year to 17,283 homes.

The median sales price in the six-county region was $385,000, rising slightly from $383,750 in October to match a three-month high. The median price rose 19.9 percent from $321,000 last year — the 16th straight month of double-digit annual increases.

The Los Angeles metropolitan area had a 3.9-month supply of homes in November, an improvement from a 3.2-month supply a year earlier but still much lower than a normal market.

 

 

Tags: month, percent, sales, supply, homes, price,


Other stories from today:

Gates Foundation hires university leader
California home sales drop in November
Survey: U.S. income gap is holding back economy
 

 
Print this Page Print this Page  |  Bookmark and Share
<< Back
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
What do you think of the Warriors' proposal to move to Mission Bay?

Smart, a better location
Still like the waterfront arena concept
Wish they would stay in Oakland
Anywhere in San Francisco is good
How about the Burlingame waterfront?

 

 
Tabbed Structure - Regular
 
 
 
 
 
First lady announcing one-stop job site for vets
WASHINGTON — Aiming to streamline employment resources for people leaving the military, the govern..
South Korea ferry toll hits 156 as search gets tougher
JINDO, South Korea — As the 156th body was pulled from waters where the ferry Sewol sank a week ag..
Michigan man among first in U.S. to get 'bionic eye'
ANN ARBOR, Mich. — A degenerative eye disease slowly robbed Roger Pontz of his vision. Diagnose..
More >>  
 
 
  
 
  
 
©2014 San Mateo Daily Journal
San Mateo County help wanted