SOUTHERN CALIFORNIA INVENTORY RISES ALONG WITH SALES AND THE MEDIAN HOME PRICE

Although the inventory of homes for sale in Southern California has shown some upward movement, it hasn't hampered the real estate recovery. In August 2013, the number of Southern California real estate sales increased, as did the median home price, when compared to figures and prices from one year earlier. In addition, distressed sales continued to decline, as more Southern California homeowners regained lost equity, and were able to complete standard real estate sales, as opposed to a short sale or losing their home to foreclosure.

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AUGUST 2013 VERSUS AUGUST 2012 REAL ESTATE MARKET ACTIVITY

·        Los Angeles County’s Real Estate Sales Increased 1.5%

·        Los Angeles County’s Median Sales Price Increased 28.1%

·        Orange County’s Real Estate Sales Increased 4.2%

·        Orange County’s Median Sales Price Increased 25.8%

·        Riverside County’s Real Estate Sales Increased 6.3%

·        Riverside County’s Median Sales Price Increased 26.2%

·        San Bernardino County's Real Estate Sales Increased 2.5%

·        San Bernardino County's Median Sales Price Increased 25.1%

·        San Diego County’s Real Estate Sales Increased 3%

·        San Diego County’s Median Sales Price Increased 20.2%

·        Ventura County’s Real Estate Sales Increased 4.9%

·        Ventura County’s Median Sales Price Increased 23.3%

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