Southern California Home Sales and Prices Rise in July

Southern Californians are shopping for homes again, taking advantage of government programs like FHA loans, the Obama 8,000 tax credit, historically low interest rates, and the increased affordability that goes along with reduced market prices. This July had the highest sales levels at 24,104 homes since July  2006. During the peak of the market, around 35,000 homes were selling in July 04-05. The Median price for Southern California peaked July 2007 at $505,000, and was $268,000 in July 2009.

 

http://www.latimes.com/business/la-fi-home-sales19-2009aug19,0,5419938.story?page=1

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