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California May Home Sales 2012
June 14, 2012 An estimated 41,790 new and resale houses and condos sold statewide last month. That was up 9.3 percent from 38,241 in April, and up 17.6 percent from 35,536 in May 2011. Last month's sales were the highest for any May since 54,099 homes sold in May 2006.
Sales have increased on a year-over-year basis for the past 10 months. California sales for the month of May have varied from a low of 32,223 in 1995 to a high of 67,958 in 2004, while the average is 46,638. DataQuick's statistics go back to 1988.
The median price paid for a home in California last month was $270,000, up 2.3 percent from $264,000 in April, and up 8.4 percent from $249,000 in May 2011. Last month’s median was the highest for any month since June 2010, when it was also $270,000. Last month was the third month in a row to post a year-over-year gain in the state’s median sale price. For the current housing cycle, the median hit a trough of $221,000 in April 2009, while it peaked at $484,000 in early 2007.
Distressed property sales – the combination of foreclosure resales and “short sales” – made up 46.2 ... more

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