A significant price increase and a rise in sales have demonstrated that the real estate market of Southern California is back in its regular groove, an information service has said.
CoreLogic has released statistics that show a summer jump in the performance of the sector. This could feed through into additional demand for color brochure printers in Woodland Hills. CoreLogic data analyst Andrew LePage has said:
“Southern California home sales have risen year over year for six straight months now, and we’re finally approaching an overall sales level that could loosely be called ‘normal’ in the context of the past quarter century.”
LePage has pointed that sales in the month of July comfortably exceeded the level of sales attained in the same month a year ago. Further, he has commented that the same trend of normalization was evident in regard to investor purchases and cash sales.
The Californian Association of Realtors has also released relevant data. This information was focused on Los Angeles and Orange County. It has highlighted the fact that there has been a decline in the affordability of property. This could be taken as further evidence of the market returning to a pattern of normal behavior.
The figures have shown six months of improving sales. It has been reported that home sales during July reached a high that had barely been touched during a three-year period.
